May 2018 Issue
Time to stress test your portfolio
JPMorgan Asset Management’s Stephen Leh, Infrastructure Research, posits three scenarios – recession, inflation and weak energy prices – that could put pressure on core portfolios.
India’s tower play
What opportunities could a country with more than 1 billion mobile subscribers offer infrastructure investors?
High-quality broadband has become ‘essential’
Infracapital co-founder Ed Clarke and director James Harraway argue fibre networks are the new utilities and explain why the explosive demand driving growth in the broadband sector is unlikely to die down any time soon.
A new kind of real asset
Infrastructure and real estate investors are teaming up as a wave of capital washes over the sector, fuelled by a booming digital economy.
‘This is a historic decade for fibre’ – Arcus
Jack Colbourne and Christopher Ehrke, who jointly lead the TMT sector team at European mid-market manager Arcus, walk us through the evolution of the European telecoms market, the emergence of new asset classes and why fibre is the most future-proof technology.
Life in the slow lane
As major European markets struggle to meet full-fibre expectations, we find out what infrastructure investors are doing to help bridge the gap.
Rolling too fast?
Rolling stock lessors in the UK have enjoyed a decade of strong and stable business. Yet this market is being disrupted in a way that presents significant challenges for the incumbents.
Some Jekyll, mostly Hyde
Two UK ministers, two conferences and the disturbing message that business-friendly governments are not a panacea to private capital’s freedom to invest in infrastructure.
Building walls
The 2018 Omnibus spending bill has been called a ‘down payment’ on infrastructure. But with projects like Gateway being used as political bargaining chips, we’re finding little cause for celebration.
Warped incentives
Reports from the UK and Australia show that both the public and private sector are perfectly capable of delivering overweight RABs, suggesting the problem lies elsewhere.
Doing it their way
Partners Group will scour the globe and mix and match funds in its search for relative value. Brandon Prater, head of private infrastructure Europe explains why the firm is strengthening its fundraising bench, what it won’t do in a tightly priced market and why it’s not averse to an early exit.
Time to engage
Improving communication between the public and private sectors – and changing the tone on both sides – is key to managing political risk in the age of populism, writes Kalliope Gourntis