Infrastructure primer

December 2023

As an investment asset class, infrastructure includes long-lived tangible assets that derive value from their intrinsic physical characteristics. Infrastructure is the foundation for the production and delivery of goods and services critical to the global economy.

In this paper, we examine the private infrastructure asset class as it pertains to institutional portfolios. We briefly describe the asset class, its sub-categories and strategies, its risk and return profile, and implementation considerations. We focus on private markets infrastructure in this paper.