02/04/2020 by François Bergère
Health crisis should not put climate change to the back burner

As we’re entering the most acute stage of the coronavirus crisis, it’s natural that  all thoughts and efforts are concentrated on the ways and means to  save lives and rescue the economy  from effects of the pandemic. But we shouldn’t forget  about  the longer term threat to our lifestyle. Just like a number of political  leaders are still  climato- sceptics,  many (often the same populist  kind, it has to  be…

25/03/2020 by Georg Inderst
Social infrastructure – investment opportunity of the future?

The current coronavirus crisis has exposed many weaknesses, one of them being the chronic underinvestment in social infrastructure in most countries – developed and emerging. In fact, after a long period of neglect and decay, investment needs and investment gaps were already huge before this crisis. The financial crisis 2007/09, austerity policies and other unfavourable regional developments, led to a more or less pronounced dearth of social investment by the…

13/03/2020 by Francois BERGERE
Infrastructure in the time of coronavirus

ADP (Aeroports de Paris) privatization has been put  off to better times. Brookfield AM has just  shelved  its plan to sell a port terminal  in Australia. All  around the world, infra asset sales are delayed due to  travel ban preventing  prospective buyers to  view the asset on site, and to public markets free fall. At a time when people are explicitly  requested to  stay  at home, most transport infrastructure operators,…

02/01/2020 by Takahiro Kurata, CEO & Founder
GPSS: Building an infrastructure investment strategy on the concept of grid parity

The Renewable energy sector, for a while now, has been working at achieving a generation cost that is lower than that of the power available on the current power grids. It has been a holy grail, a tipping point, for the economic viability of a clean energy generation project- thus the indicator of speed and direction of the alternative energy industry. In the capital-intensive solar power generation, this has been…

30/10/2019 by Ginette Borduas
The UN-SDGs and Meridiam’s impact-oriented business approach

The United Nations Sustainable Development Goals (UN-SDGs) constitute the new global development agenda for 2030 and a universal reporting referential that will hopefully drive the entire investment community in the same direction. Composed of 17 goals, 169 targets and 232 indicators, the SDG framework incites all public and private actors to reinforce their engagement and efforts towards sustainability. Meridiam’s ESG Due Diligence (DD) process was primarily based, until 2018, on…

16/10/2019 by Vincent Levita
Capturing the digital value of infrastructure – An interview with Vincent LEVITA, Founder and CEO of InfraVia Capital Partners

Established in 2008, InfraVia currently manages 4 infrastructure funds totaling €4bn of assets under management. InfraVia is also a key member of LTIIA since the beginning with its CEO and founder having just been elected as a LTIIA Board member. InfraVia just announced the launch of a new fund dedicated to invest in tech companies at scale-up stage. Why diversifying in the tech markets after more than ten years in…

27/09/2019 by Thierry Deau
Infrastructure investment in Emerging Markets: How to manage it? An interview with Thierry DEAU, CEO of Meridiam & LTIIA Chairman

Infrastructure investors willing to allocate more capital to Emerging Markets (EM) are faced with a dearth of identified investable projects.  You managed to fully load your first Africa fund in just 4 years where others are still struggling to find the right opportunities : How did you do it? Emerging markets, Africa in particular, have tremendous needs.  The question is not to identify projects but to bring them to a…

15/07/2019 by Jean-François Boulier
French Institutional Investments in Infrastructure

Af2i is a French non for-profit association aiming at representing the interests of Institutional Investors. Created almost 18 years ago, it regroups presently 81 institutions who manage together more than 2.5 trillion euros, which corresponds to 85% of the French market, the fourth in size worldwide. Af2i helps its members by undertaking workshops, by publishing guides and organizes several events to inform its members and promote their views as well…

10/05/2019 by F.Bergere
F.Bergere on Institutional investors’public advocacy role in Energy transition

In this video-podcast LTIIA Executive director argues that Professional associations like LTIIA have a specific responsibility to engage with both: 1-their members from Investors community to foster awareness & develop appropriate Renewable Energy-performance indicators and relevant tracking methodology to monitor alignment of investment portfolios with objectives 2- Public authorities, regulators, and beyond , with the broader community , in order to: – sensitize them to enabling environment prerequisites for private…

06/03/2019 by François Bergere
Factoring in the Environment dimension of ESG in long-term infrastructure investment.

In January 2019, California power utility PG&E filed for bankruptcy, the first ever large infrastructure corporate default directly linked to Climate change: this was a clear wake-up  call  to  investors (Insurers are already  well aware of it)  makes a clear point that climate adaptation  risks are materializing here and now: we’re no longer talking  about  some future scenario, but  a very present development. Late February 2019, LTIIA held a thematic…

26/02/2019 by François Bergere
1st editorial

Dear members and readers, A lot has happened in the infrastructure investors landscape since LTIIA was created in fall  2014. The very notion of long term private Infrastructure investment as a catalyser of sustainable development of communities and countries was still in its infancy then. Fast forward to  2019: While still not a mainstream asset class, Infrastructure is no longer a  peripheral “niche”, on the margins of Private equity and real…