Episode 374: Why Infrastructure, Why Now.

Host Stewart Foley, CFA, is joined by Nick Coxon, Managing Director and Head of Americas Real Assets, and Ben Taylor, Managing Director, Private Credit, at Macquarie Asset Management. In this episode of the insuranceaum.com podcast, they discuss why infrastructure is becoming an increasingly important allocation for insurers, including the differences between infrastructure debt and equity and the role of contractual revenues, inflation linkage, hard collateral, and long-duration cash flows in liability-aware portfolios.   The conversation also explores the widening infrastructure funding gap, rising demand tied to digitalization, decarbonization, demographics, and power usage, and the growing role of private capital as banks retreat from longer-dated lending. Nick and Ben also highlight opportunities in infrastructure-adjacent businesses and explain how the asset class may offer yield, diversification, downside protection, and exposure to essential real assets.