Private infrastructure is the essential backbone of our growing modern economy with secular tailwinds in decarbonization, digitalization, and demographics. Opportunities span across energy, power, digital, transport and social infrastructure.
Our experienced private infrastructure team can help investors allocate capital and build a globally diversified portfolio across both core and core-plus asset opportunities.
Private infrastructure is a part of the Principal globally established Private Credit franchise and complements our leading Real Estate platform capabilities
Ability to design and structure transactions to customized portfolios based on client’s objectives across geography and, risk-return hurdle and other criteria
Expertise in originating direct and small club-style deal flow across the capital stack
Capability to act as structuring agent and lead arranger as part our underwriting process
Energy
- Pipelines
- LNG
- Terminals
- Storage
- Refineries
- Renewable fuels
Power
- Renewables
- Energy storage
- Conventional power
- Transmission lines
- Distributed generation
- Energy efficiency
Digital
- Data centers
- Cell towers
- Fiber optic
- Wireless / DAS
Transportation
- Airports
- Marine ports
- Rail
- Toll roads / Bridges
- Logistics
Social
- Water
- Wastewater
- Healthcare
- Housing
- Stadiums / Arenas
Macro secular tailwinds including decarbonization, digitalization, and demographic trends
Resilient high-quality assets benefiting from typically stable and predictable revenues
Compelling economics with historical yield premium over similar public corporate debt
Structural protections via robust covenants and/or real asset collateral
Strong diversification & global reach with exposure to a variety of economic / social trends and exposure to non-public Issuers
Historically low defaults and high recoveries compared to public corporate debt
Inflation-linked assets with fixed cost profiles
Continued growth is expected with $550-750bn of annual private credit demand over the next several years against over $1 trillion in estimated overall annual transaction volume
Our investment criteria philosophy is to generate attractive risk-adjusted returns with a highly disciplined underwriting process and unique sourcing capabilities built upon decades-long relationships.
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Footnotes
Past performance does not guarantee future results. Asset allocation and diversification do not ensure a profit or protect against a loss.
Infrastructure issuers may be subject to regulation by various governmental authorities and may also be affected by governmental regulation of rates charged to customers, operational or other mishaps, tariffs, and changes in tax laws, regulatory policies, and accounting standards. Foreign securities involve special risks, including currency fluctuation and lower liquidity. Some global securities may represent small and medium-sized companies, which may be more susceptible to price volatility than larger companies.