Private Infrastructure Performance Analysis Report

This report provides an analysis of private infrastructure performance, focusing on the sources of returns using a proprietary dataset of over 200 private infrastructure assets. It examines key financial statement line items such as revenue and EBITDA from 2008 to 2024, detailing their contributions to long-term returns and their sensitivity to economic cycles. The report outlines that private infrastructure has delivered an annualized return of 9.6%, which is slightly below US equities but exhibits lower volatility. The analysis identifies revenue growth as a significant driver of returns, with an annualized growth rate of 5.0% linked to inflation and economic growth. Additionally, it discusses the outlook for annualized returns over the next decade, estimating a range of 8.3% to 11.0%. The findings also include insights into EBITDA growth and margins, emphasizing the resilience of private infrastructure during economic downturns. Overall, the report aims to provide valuable insights for investors regarding the future performance of private infrastructure.