Sector expertise, de-risking, and platform transformation as primary sources of alpha
Generating alpha in this market requires three elements, working together.
The first is origination. Access is built through years of sustained presence in specific...
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Sector expertise, de-risking, and platform transformation as primary sources of alpha
Generating alpha in this market requires three elements, working together.
The first is origination. Access is built through years of sustained presence in specific
sectors, alongside developers, asset owners, industrial groups considering carveouts, and other relevant stakeholders.
The second is discipline at entry. Every investment must pass a rigorous
infrastructure test: essential service, limited substitutability, contracted or captive
revenues with inflation linkage and high barriers to entry. For instance, a distributed
energy platform with 70% offtake coverage and a credible contracting would qualify.
A rolling stock leasing business with investment-grade clients would also meet the
test. By contrast, a greenfield data centre without firm demand would not.
The third is the active management journey itself, investing where there is significant
room for optimization and value creation
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