Insights

Infrastructure is sold as an inflation hedge. The pitch is intuitive: toll roads, utilities, and other essential assets often have revenues explicitly linked to consumer prices. When inflation rises, so do tariffs. The asset should therefore preserve real purchasing power for investors, offering protection that bonds and equities cannot. Toll roads are frequently cited as the clearest example. Unlike regulated

From energy transition to digital infrastructure: how private infrastructure is reshaping the playing field of risk, appreciation and opportunities for institutional investors. Infrastructure is developing faster than ever. The boundaries between traditional and new infrastructure assets are shifting due to the energy transition, digital connectivity and changing regulation. What once seemed like a relatively stable, contract-driven asset class today requires

A credible valuation regime, grounded in procedural clarity and technological capability, is indispensable to investor fairness, systemic resilience, and the legitimacy of private markets. A new paper from EDHEC Infra & Private Assets highlights why expanding private markets require more timely, transparent, and disciplined valuation. Since the global financial crisis, institutional investors have undertaken a structural reallocation toward private markets,

A credible valuation regime, grounded in procedural clarity and technological capability, is indispensable to investor fairness, systemic resilience, and the legitimacy of private markets.

This article proposes a factor model approach that robustly explains the valuations observed in private market transactions, effectively addressing the biases inherent in appraised or estimated valutations.

This supplement highlights shortcomings in the valuation of infrastructure assets and suggests improvements, presents an innovative model based on real transaction data for private company valuation, explores underlying risk factors in private equity, and assesses the impact of fund scale on performance.