Building a long-term investment benchmark for privately-held infrastructure equity

by Frédéric Blanc-Brude, Majid Hasan
Abstract:
In a new paper of the Meridiam/Campbell Lutyens Research Chair, we propose the first valuation framework dedicated to privately-held infrastructure equity investments.

Following the roadmap to create long-term infrastructure investment benchmarks described in Blanc-Brude (2014), we develop a framework that takes into a account the challenges of valuing privately-held and seldom traded infrastructure equity investments, with the aim of designing 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.

Reference:
Building a long-term investment benchmark for privately-held infrastructure equity (Frédéric Blanc-Brude, Majid Hasan), In Investment & Pensions Europe, 2015.