TICCS® is an industry standard for infrastructure investment classification and benchmarking
A remedy to the 'core' vs 'core+' mush...
Private infrastructure investment is developing rapidly as a global asset class. This evolution requires a clear and robust classification of the individual infrastructure investments. The Infrastructure Company Classification Standard (TICCS®) was created by EDHECinfra to provide investors with a frame of reference to approach the infrastructure asset class, document its different segments according to objective criteria and create benchmarks that can be genuinely representative.
Academic rigour & industry relevance
What makes infrastructure?
Under the TICCS® framework, a number of fundamental economic criteria have to be present for a company and its assets to be meaningfully considered 'infrastructure':
- Single-use investment (no alternative use)
- Sunk or irreversible capital investment
- Large size & long repayment period
- Inflexible total cost structure
- Infrastructure as a service (value through service provision)
- Not a store of value (it's valuable because it's useful)
The Four TICCS® PIllars
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