1、Infrastructure Investment Outlook 2023EXPANDING HORIZONS OF INFRASTRUCTURE INVESTMENTS LONDON/GREAT BRITAIN2Infrastructure Investment Outlook 2023Roland Bergernfrastructure investments experienced accelerated growth over the last decade and peaked in 2021 as the pandemic reinforced the resilience of

2、 infrastructure assets.New trends emerge within the infrastructure investment world every year,extending the boundaries of the investment landscape,and we observe two prominent trends:Firstly,investors are increasingly exploring opportunities based on themes rather than along sector lines.Investment

3、 themes such as energy transition,transport decarbonisation,waste,and circular economy have brought new asset types into the infrastructure fold and are driving collaboration across sector teams within the same fund.In 2018 it was challenging to include EV charging assets as infrastructure assets;ho

4、wever,that is no longer the case in 2023.These themes are also influencing the assessment of traditional infrastructure assets for example,EV charging installations at car parks and forecourts are driving major changes in investment considerations and valuation.Secondly,hybrid infrastructure investm

5、ents are broadening the infrastructure universe.These are situations where the target company does not always fulfil the full set of infrastructure criteria and/or where infrastructure funds are purchasing from or competing with private equity funds for ownership.Consequently,private equity funds ar

6、e now looking at their portfolio companies from an“infra-exit”lens and trying to de-risk the cash flows of those where they see this opportunity.In this report we start at a macro level,dissecting the broader investment and fundraising trends,before moving to sector-level analysis,where we address k