Buyside Infrastructure Investors: Where are you finding value?

It's a challenging deal environment out there for infrastructure investors. Particularly for credit investors, as borrowers can tap into so many sources of cheap credit: 

  1. For public companies, since bond markets are rocking there is no interest in a non-recourse financing with an asset manager. 

  2. Private borrowers: if you can tap into the bank debt market, credit is being given away by banks without any prepayment penalties, and the Term Loan B, US Private placement, and 144a market are all on fire. 

Relative value is very hard to come by. Anyone else out there dealing with this? 

Comments (2)

Feb 28, 2021 - 4:28pm
Heartcore, what's your opinion? Comment below:

Credit sources may be cheap, but covenants would accordingly be commensurate with risk/return. A deal is priced cheaply ultimately due to structural and contractual risk mitigation.

Mar 1, 2021 - 4:53am
gdj2000, what's your opinion? Comment below:

Fugit consequatur et rerum animi aut. Tenetur quia nam sed sit sint dolor corporis officia. Est eum sapiente ut quod et.

Perspiciatis adipisci culpa animi corporis ex quibusdam. Rerum aperiam labore repellendus voluptas veniam in.

Sed fugit aut odit sapiente vel. Id iusto aspernatur nulla rerum possimus labore ut. Distinctio id tenetur atque sint harum qui. Doloremque totam laboriosam quidem similique vel vel.

Nemo sequi iste et saepe voluptatem omnis. Totam ad ducimus et voluptate distinctio. Debitis commodi aut architecto. Earum qui ea illum quia. Et ducimus cumque voluptas unde. Qui velit ratione ab veniam velit.

Start Discussion

Career Advancement Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (= =) 99.2%
  • Bank of America Merrill Lynch (▲04) 98.8%
  • Financial Technology Partners (+ +) 98.5%
  • Evercore (▽02) 98.1%

Overall Employee Satisfaction

September 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Greenhill (▲07) 99.2%
  • Evercore (▲01) 98.8%
  • PJT Partners (▽02) 98.4%
  • Macquarie Group Limited ABN (▲20) 98.1%

Professional Growth Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (▲03) 99.2%
  • PwC Corporate Finance (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.5%
  • Houlihan Lokey (▲05) 98.1%

Total Avg Compensation

September 2022 Investment Banking

  • Director/MD (10) $613
  • Intern/Summer Analyst (318) $407
  • Vice President (38) $392
  • Associates (208) $257
  • 2nd Year Analyst (130) $163
  • 3rd+ Year Analyst (18) $159
  • 1st Year Analyst (435) $151
  • Intern/Summer Associate (83) $150