Valuations for private infrastructure investment have long been murky and at times challenging to compare to other asset types.

Using a large dataset of more than 1,000 transactions, Macquarie research has derived a time series of private infrastructure valuations to gain new insights, detailed in its most-recent Pathways paper, now available for download by professional investors:  https://www.mirafunds.com/us/en/our-insights/pathways.html

Global infrastructure strategist, Aizhan Meldebek, summarizes the work including a finding that infrastructure valuation multiples have a negative relationship with interest rates and a positive relationship with inflation. 

"We have created an infrastructure 'cap rate' that enables investors to directly compare infrastructure valuations with those of real estate," says Meldebek.

Questions or comments about the show?  MAMpodcasts@Macquarie.com

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