Infra A Penny
Infra A Penny
Podcast Description
SIMCo (Sequoia Investment Management Company) is the global private credit manager dedicated to infrastructure. We are specialist providers of high-yield credit in over 40 infrastructure sub-sectors across 15 markets. We are pioneers, having defined private infrastructure debt as an alternative investment asset class and invested through multiple credit cycles over the last decade. We are trusted, active partners, providing our investors access to attractive risk-adjusted returns that outperform the relevant benchmarks. Listen to the insights of our seasoned Directors and investment professionals! We attract the industry's best talent, and on this podcast they share their views, experiences and teach-ins on key trends, topics and news within infrastructure debt.
Podcast Insights
Content Themes
The podcast covers a range of topics related to private infrastructure debt, focusing on industry trends, lessons learned, and investment strategies. Episodes include discussions on the post-election landscape for US infrastructure lending and perspectives from new team members about their experiences at SIMCo, illustrating the practical realities of working in infrastructure credit.
SIMCo (Sequoia Investment Management Company) is the global private credit manager dedicated to infrastructure.
We are specialist providers of high-yield credit in over 40 infrastructure sub-sectors across 15 markets. We are pioneers, having defined private infrastructure debt as an alternative investment asset class and invested through multiple credit cycles over the last decade. We are trusted, active partners, providing our investors access to attractive risk-adjusted returns that outperform the relevant benchmarks.
Listen to the insights of our seasoned Directors and investment professionals! We attract the industry’s best talent, and on this podcast they share their views, experiences and teach-ins on key trends, topics and news within infrastructure debt.
In this episode, our CEO and CIO, Randall Sandstrom explains the important factors distinguishing infrastructure credit vs general corporate credit (private and public).
The five key points:
- Demand for infrastructure capital far outstrips the supply of infrastructure capital (the “infrastructure investment gap”).
- Infrastructure is a defensive asset class providing essential services with relatively inelastic demand that tends to outperform industrial credit in times of economic weakness.
- Infrastructure debt is a heavily covenanted asset class with extensive credit enhancements that are often lacking in corporate credit.
- Often, infrastructure revenues are contracted and steadier, which decreases business risk.
- Infrastructure lending is normally against mission critical, hard assets.
Hear how these factors contribute to infrastructure credit returns being less volatile with lower default rates and lower loss rates than general corporate credit.
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