Insights

Opinion pieces from the team, and uses cases covering private markets, infrastructure investment, climate change, social risk, and more.

Featured image for “The Inflation Hedge That Isn’t: What the Eastern Distributor Reveals About Real Returns”

The Inflation Hedge That Isn’t: What the Eastern Distributor Reveals About Real Returns

Feb. 10, 2026
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
Featured image for “How to Control the New Infrastructure Cycle: Where Investors Really Create Value”

How to Control the New Infrastructure Cycle: Where Investors Really Create Value

Jan. 12, 2026
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
Featured image for “Beyond the Illusion of Stability: The Case for Valuation Discipline in Private Markets”

Beyond the Illusion of Stability: The Case for Valuation Discipline in Private Markets

Nov. 27, 2025
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,
Featured image for “Beyond the Illusion of Stability: The Case for Valuation Discipline in Private Markets”

Beyond the Illusion of Stability: The Case for Valuation Discipline in Private Markets

Nov. 27, 2025
A credible valuation regime, grounded in procedural clarity and technological capability, is indispensable to investor fairness, systemic resilience, and the legitimacy of private markets.
Featured image for “The Journal of Investing: Dynamic Modeling of Transaction Prices in Private Equity Markets”

The Journal of Investing: Dynamic Modeling of Transaction Prices in Private Equity Markets

Oct. 31, 2025
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.
Featured image for “P&I Supplement: Research for Institutional Money Management”

P&I Supplement: Research for Institutional Money Management

Jul. 29, 2025
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.