Infrastructure: opportunity through necessity

Infrastructure is vital to your daily routine and provides the basic services and facilities crucial for community development and prosperity.

Your lights are powered by an electric utility; your water comes from a water utility; you drive on toll roads or fly in and out of airports. Aside from providing essential services, many infrastructure assets enjoy relatively inelastic, stable demand that has relatively low sensitivity to the economic cycle. Regulatory framework or concession agreements can also link infrastructure asset revenue to inflation and as significant capital is usually required to develop infrastructure assets, there is a high barrier to entry for would-be competitors. Furthermore, infrastructure assets typica...