Infrastructure has become a multi-trillion-dollar asset class poised for considerable growth in the years ahead. We define infrastructure as the essential services and foundational assets in society that make up the backbone of the economy. We look for fundamental "platform" assets — companies whose services enable commerce — with long lives, potential long-term cash flow, and the ability to pay and consistently raise dividends.
Our infrastructure investments:
- Offer essential services. Companies that serve people's basic needs — and society can't function without — such as water, electricity, gas, telecommunications, data, and sanitation.
- Make e-commerce possible. An evolution in how consumers buy goods and services is driving growth and investment opportunities in transportation and logistics companies.
- Enable and support. The universe of assets that build, supply parts for, and improve essential services companies is growing due to Big Data and the automation of everything.