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Renewables are a huge part of the infrastructure story in growth markets, but, contrary to investor perception, these markets are offering a healthy supply of lower-risk, late-stage assets, argues Actis head of infrastructure Glen Matsumoto.
Michael Ebner, spokesman for the board of KGAL Investment Management, argues that, while buying well is important, managing well holds the key to creating long-term, sustainable value from assets.
Boe Pahari, AMP Capital's global head of infrastructure equity, explains the difference between mid-market and large-cap fund managers and his firm's view on thematic investing.
A lot of the growth that segmentation opens up will be capitalised on by existing managers – which is why a good track record is more important than ever.
Is the internal rate of return the most appropriate way to present investment performance?
The institution believes its data could provide the assurances needed for the $1trn Government Pension Fund Global to invest in infrastructure.
CGN Private Equity is getting 20%-plus returns from operating renewable assets, but CEO Raymond Fung warns there’s only a five-to-seven-year window before these assets get commoditised and Chinese capital catches on to the opportunity.
Glen Matsumoto, head of infrastructure at Actis, predicts investors that are already not targeting these assets will be doing so in the next three-to-five years.
Jake Lee, head of infrastructure at Hyundai Marine & Fire Insurance, is still willing to take the lower returns that come with core infra, but currency headwinds are steering the Korean insurer away from US dollar assets.
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.