Opinion pieces from the team, and uses cases covering private markets, infrastructure investment, climate change, social risk, and more.

Featured image for “NAV 2.0: A better asset pricing model for private infra”

NAV 2.0: A better asset pricing model for private infra

May. 02, 2024
CAPM may be ‘one of the founding frameworks of modern finance’, but for determining the net asset value of unlisted infrastructure it is terribly inadequate. Frédéric Blanc-Brude, the director of the EDHEC Infrastructure Institute explains why and offers an alternative. Originally published in Infrastructure Investor. When reporting the NAV of unlisted assets like infrastructure using discounted cashflows, best practice consists
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Q1 2024 Infrastructure Update

Apr. 30, 2024
In Q1, we noticed that core inflation remains persistent, suggesting that central banks are more likely to maintain current high interest rates for a longer period. Additionally, gas and oil prices have risen recently due to renewed concerns over potential escalation of geopolitical tensions and OPEC production cuts, further contributing to price pressures. The increase in oil prices can be
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Q1 2024 infraMetrics Data Release: Infrastructure started 2024 in positive territory

Apr. 19, 2024
The infrastructure asset class experienced low and positive returns in the first quarter of 2024 led by the uncertainty regarding monetary policy in Europe and the United States that is keeping investors on their toes. The infra300 index, a global unlisted infrastructure equity index comprising of 300 assets with a total market capitalization of USD 306 billion, has witnessed gradual
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Analysing UK power using infraMetrics®

Apr. 09, 2024
This in-depth analysis explores the financial dynamics of the UK power sector between 2018 and 2022, unveiling infraMetrics’ extensive analytical possibilities. The research meticulously compares the performance of renewable and conventional power sources across key metrics like revenue, profit margins, returns, and cost of capital, providing a comprehensive view of the industry landscape. Our research is supported by dynamic visualizations
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Q4 2023 Revenue Forecast Updates

Jan. 30, 2024
The year ended much like 2022, inflation was still above most central banks’ targets, Interest rates were significantly higher than 18 months previously. However, the rate of increase in interest rates has slowed. With ongoing geopolitical turmoil, we view that interest rates are likely to stay elevated for some time. Given this scenario, we anticipate less extreme volatility from the
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IRR Comps: the Quickline Deal

Nov. 11, 2023
This month, instead of looking at a transaction changing hands through a willing buyer and seller, we are looking at a topic that could be a significant interest for investors in network utilities today: equity injection and, specifically, how the infraMetrics® platform can help you determine the IRR you should expect for such a transaction. Currently, we see that the