The pandemic, geopolitical tension and climate change have revived industrial policy around the globe. In the U.S., the IIJA, IRA, and CHIPs act collectively represent the largest investment in infrastructure since the Cold War. In particular, there are significant opportunities in modernizing and expanding the electrical grid as decarbonization and data centers drive up demand. In addition to these secular tailwinds, core infrastructure’s steady, uncorrelated cash flows make it a valuable portfolio diversifier. Today, Dr. David Kelly is joined by Chris Simard, an Investment Specialist in the J.P. Morgan Infrastructure and Investment Group, to parse through all of this and more.
Timestamps:
(00:00) Introduction
(:47) Types of infrastructure investments
(1:56) How do you all define core, core plus, and opportunistic?
(3:20) How are institutional investors allocating to infrastructure and how will this evolve?
(4:40) What role can infrastructure play in portfolio construction?
(6:23) How do you think about governance in private infrastructure?
(7:43) How are secular trends like climate change and AI changing the opportunity set?
(12:30) Should investors think differently about investing in Infrastructure via public versus private markets?
