Why debt discipline matters as infrastructure’s definition expands

This episode is sponsored by IFM Investors and Solas Capital

Infrastructure has never been more popular with investors, with record-setting fundraising numbers last year. But as the asset class grows, its definition keeps getting stretched, creating both opportunities and challenges.

Some of the strongest opportunities are areas where banks are largely absent, such as energy-as-a-service models that decarbonise buildings and industry. Europe's energy security crises and incoming regulation are turning building decarbonisation from an option into an obligation. And with insurers chasing investment-grade, long-dated cashflows and pension funds seeking higher yield, demand is durable.

In this episode, IFM Investors’ head of debt investments David Cooper and Solas Capital CEO and co-founder Sebastian Carneiro discuss how to stay disciplined, why you don't need to move down the capital structure to find returns, and how AI is starting to change both how deals are done and how assets are run.