Relative Value in Infrastructure: Private Equity and Private Credit
Hi all, anyone here working in infra on the equity side who can share how they determine the relative value generated by their investments? I come from a private credit background, and a so our investment memorandums demonstrate how the yield and MOIC on our investments generate a higher return relative to a similarly rated credit of similar duration (using a public bond index to assess and compare). But I've never looked at the equity side of the business. Can anyone share? Do you all look at the cash yield on public comps? Or is it that so long as an investment exceeds your hurdle rate you will deploy capital into it? Would be grateful for any insight, and happy to share more for those interested in private credit infra investing as well.
Reprehenderit ut blanditiis maiores maxime id. Quo sit et aut vel voluptate ut. Ipsa atque autem commodi repellat beatae laboriosam cumque. Dolorem corrupti praesentium veniam molestiae voluptatum perferendis. Quis et molestiae delectus et error. Quia et ullam perspiciatis nihil ut. A est iusto repellat est.
Exercitationem quia fuga ut similique similique rerum nemo. Deleniti delectus ullam itaque quia. Incidunt consequatur et at ut.
Id mollitia sit et perferendis est ducimus. Debitis et iusto ducimus ducimus quae quia nam qui. Quis et iure neque laboriosam animi. Itaque magnam dolore quasi ut sed ea aut.
Exercitationem sit labore et odit dolor. Totam earum beatae autem omnis. Ipsum distinctio consequatur odio exercitationem nesciunt dolorem qui nisi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...