REPORTS

Our analyses covering private equities, private infrastructure and infra debt markets.

Featured image for “Q2 2020 Index Release: More negative returns for unlisted infrastructure investments but Contracted assets show resilience to Covid-19”

Q2 2020 Index Release: More negative returns for unlisted infrastructure investments but Contracted assets show resilience to Covid-19

The Q2 2020 release of the EDHECinfra indices marks a new quarter of negative returns for the unlisted infrastructure asset class. The infra300 index is down -1.5% on the quarter ending 30 June 2020. This index measures the average mark-to-market performance of 300 unlisted infrastructure equity investments that make a representative sample by sector, corporate structure, and business model of...

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Report: Impact of Covid-19 on Infrastructure Companies Forecast Revenues in Q2 2020

By Jack Lee and the data team. Overview IC10 Power Generation x-Renewables IC40 Energy and Water Resources IC60 Transport 4.1 IC6010 Airport Companies 4.2 IC6030 Port Companies 4.3 IC6040/60 Rail and Urban Commuter Companies 4.4 IC6050 Road Companies IC70 Renewable Power IC80 Network Utilities 6.1 IC8010/20 Electricity Distribution/Transmission Companies 6.2 IC8040 Water and Sewerage Companies Dividend Outlook for Covid-19 Impacted...

Featured image for “Q1 2020 Index Release: Covid-19 lockdown highlights the importance of understanding risk in unlisted infrastructure investments”

Q1 2020 Index Release: Covid-19 lockdown highlights the importance of understanding risk in unlisted infrastructure investments

Q1 2020 Release of the EDHECinfra Indices Infrastructure businesses are usually impacted by the tail end of recessions: demand for essential services flags, public counterparty risks increase and even long-term financing may become hard to come by. This crisis is different. Like a well-prepared military assault, it began by taking out all key transport infrastructure. The impact of the oncoming...

Featured image for “Report: Q1 2020 estimates of Covid-19 impact in infrastructure companies future revenues”

Report: Q1 2020 estimates of Covid-19 impact in infrastructure companies future revenues

By Jack Lee – Deputy Head of Data In response to the coronavirus Covid-19, many governments have put their nations into “lockdown” measures and/or strict movement controls. These inevitably have a knock-on effect on various infrastructure business models and their relevant investments. The business models most impacted include merchant and regulated arrangements, as per the TICCS® Business-Risk Classification, where revenues...

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UK Water Utilities: Why the negative returns in 2019Q4?

[mathjax] In this note, we provide some details and clarifications about our 2019Q4 index release with a focus on the performance of UK water utilities. Our 16th January release mentions that upward movements in gilt rates in the last months of 2019 led to negative returns for numerous infrastructure companies in that quarter, especially firms with very long-term cash flow...

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2019Q4 Index Release (Erratum)

In the 2019Q4 Index Release made on January 16, 2020, it was mentioned that South East Water suffered a negative return in the 4th quarter of 2019 due to a “revision of its financial forecast.” This statement was not accurate on two counts: The forecast in question is produced by EDHECinfra’s cash flow models and analyses but was not produced or...