Insights

New indices, better benchmarks The next generation of EDHECinfra indices is ready. Computed quarterly, they use meticulously curated private data on hundreds of companies in the 25 most active global markets. They utilise cutting-edge fair value asset pricing methods to gauge value in private infrastructure investments. A key element in this project’s success was accurately defining the investment universe. Infrastructure

A version of this blog was originally published on top1000funds.com. This blog marks our third and final article on the EDHECinfra/G20 survey of infrastructure benchmarking practices. This time, we take a look at the role of infrastructure investment benchmarks for the purpose of risk management. More than 300 respondents took part in the survey. They included representatives of 130 asset

The 2019 EDHECinfra/G20 survey of infrastructure investors is a detailed study of benchmarking practices amongst asset owners and managers and brought to light a significant issue with regard to the investment process in infrastructure: investors do know how much risk they are taking and they are not happy about it.

We carried out the largest survey of infrastructure investors ever made. Here’s what we found: The largest survey of infrastructure investors ever undertaken shows that most investors cannot benchmark the risks they find themselves exposed to when investing in unlisted infrastructure. EDHECinfra releases a new survey sponsored by the Global Infrastructure Hub (GIH, a G20 Initiative). More than 300 respondents

A new paper drawn from the Natixis/EDHECinfra research chair sheds new light on the drivers of returns in private infrastructure debt. Infrastructure credit spreads remain twice as high today as in 2008, but this new research shows that only 30bps of this increase cannot be explained by changes in systematic risk factor prices.

This paper examines the drivers and evolution of credit spreads in private infrastructure debt. We ask two main questions: Which factors explain private infrastructure credit spreads (and discount rates) and how do they evolve over time? Are infrastructure project finance spreads and infrastructure corporate spreads driven by common factors?