Infrastructure is a new asset class; numerous deals had to happen before buyers and sellers discovered a ‘fair price’.” “It is also important to note that valuations did not just increase rapidly due to a wall of cash chasing assets, but rather prices evolved to reflect the preferences of investors taking major risk factors into account.”

EDHECinfra’s research paper “Which Factors Explain Unlisted Infrastructure Asset Prices?” is discussed in Infrastructure Investor.

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