The valuation of privately-held infrastructure equity investments

by Frédéric Blanc-Brude, Majid Hasan
Abstract:
This paper contributes a rigorous valuation framework to the debate on the benchmarking of privately-held infrastructure equity investments. We aim to achieve the following objectives:
1/ item Determine the most appropriate valuation framework for privately-held equity investments in infrastructure projects or entities;
2/ Design a methodology that can be readily applied given the current state of empirical knowledge and, going forward, at a minimum cost in terms of data collection;
3/ Derive some of the most relevant valuation and performance measures for long-term equity investors and regulators;
4/ Define a parsimonious data collection template that nevertheless allows meeting the three points above.

Publication focus:

Academic finance
a fair amount
Risk Management
some
Asset pricing
mostly
Maths
a lot
Stats
a lot
part of the EDHEC/Merdiam/Campbell Lutens Research Chair 2013-2016
Reference:
The valuation of privately-held infrastructure equity investments (Frédéric Blanc-Brude, Majid Hasan), In EDHEC-Risk Institute Publications, volume January, 2015.