Private asset valuation is no longer being treated as a back-office technicality. Regulators are increasingly addressing it as a front-line investor-protection, market-integrity and product-governance issue.
The Inflation Hedge That Isn’t: What the Eastern Distributor Reveals About Real Returns
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 … Read More
How to Control the New Infrastructure Cycle: Where Investors Really Create Value
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 … Read More
Beyond the Illusion of Stability: The Case for Valuation Discipline in 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. 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, … Read More
Beyond the Illusion of Stability: The Case for Valuation Discipline in 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.
The Journal of Investing: Dynamic Modeling of Transaction Prices in Private Equity 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.