05 / 10 / 23 - 1 minute read
Large institutional investors with both the knowledge and capital to invest have sought out the attractive characteristics of the infrastructure asset class for decades. But interest from private investors is growing, and favourable regulatory reform is creating opportunities for private wealth to be the next frontier for infrastructure fundraising.
Institutional investment has been flowing strongly into the infrastructure asset class since the 1990s, following the wave of large scale privatisation of infrastructure assets in developed markets. Large institutional investors with both the knowledge and capital to invest have sought out the appealing characteristics of the asset class, including its stable, uncorrelated, inflation linked returns underpinned by the assets’ high barriers to entry, stable and predictable cash flows and the provision of essential services. However, the market environment in 2023 for raising institutional capital for infrastructure investment has proven challenging. Strong allocation trends in recent years paired
Nicole conducts research on trends and market developments in infrastructure across a variety of sectors and geographies, and authors research briefs and insights for current and prospective clients. She is also responsible for the coverage of currency research and manager monitoring, including for PATRIZIA’s asset consulting clients. Prior to joining PATRIZIA in 2016, Nicole worked for Morneau Shepell, a Canadian human resources consulting firm, where she was responsible for conducting asset liability studies and investment manager selection for the firm’s defined benefit and defined contribution pension plan clients. Nicole has a Bachelor of Science (Mathematics and Economics) from Mount Allison University in New Brunswick, Canada.
Justin leads Investment Solutions which is responsible for providing strategic advice and building investment strategies for institutional and government clients. Justin’s particular fields of expertise center around developing and managing investment risk management strategies and developing alternative asset portfolio plans for institutional investors, focusing on liquidity and illiquid asset investment programs.
Justin is a Chartered Accountant and a member of the Australian Institute of Company Directors with extensive experience in infrastructure investment, corporate finance and financial modelling together with performance analysis, reporting and alternative asset management. Justin sits on PATRIZIA’s Listed and Unlisted Infrastructure Investment Committees and is a member of PATRIZIA Infrastructure’s Valuation Committee.
Managing Director Infrastructure Investment Solutions