EDHECinfra Paper
Unlisted Infrastructure Asset Pricing Methodology – A modern approach to measuring fair value in illiquid assets

EDHECinfra produces calculated indices (as opposed to contributed indices), the computation of which requires estimating the value of individual constituents: unlisted infrastructure equity or debt investments qualifying under the GICCS taxonomy.

This document describes the approach taken to estimate the value, performance, and risk of each individual index constituent.

This approach aims to follow a number of recognisable guidelines on “fair value” accounting as defined under IFRS 13 and ASC topic 820 (US GAAP).