Building Portfolios with Infrastructure: Performance, Cash Flows & Portfolio Allocation

44 Pages Posted: 9 Dec 2022

See all articles by Junying Shen

Junying Shen

PGIM-IAS

Frederic Blanc-Brude

EDHEC Business School - EDHEC Infrastructure & Private Assets Research Institute

Date Written: November 2022

Abstract

Infrastructure is a growing asset class in institutional portfolios. But what are the implications for portfolio risk and liquidity? PGIM IAS explores the performance and cash flow properties of infrastructure investments, both at the asset and the fund level. The PGIM IAS’ asset-allocation framework (OASIS) is to determine the appropriate allocation to infrastructure and other illiquid investments (e.g., private equity) given a CIO’s liquidity risk tolerance.

Keywords: Megatrends, PGIM, Private Markets, Asset Allocation, Public Markets, Alternatives, Credit, Private Equity, Portfolio, Portfolio Implications, PGIM IAS, Infrastructure, liquidity, liquidity risk, illiquid investments

Suggested Citation

Shen, Junying and Blanc-Brude, Frederic, Building Portfolios with Infrastructure: Performance, Cash Flows & Portfolio Allocation (November 2022). PGIM IAS - November 2022, Available at SSRN: https://ssrn.com/abstract=4298413 or http://dx.doi.org/10.2139/ssrn.4298413

Junying Shen (Contact Author)

PGIM-IAS ( email )

Prudential Tower
655 Broad Street, 19th Floor
Newark, NJ 07102
United States

Frederic Blanc-Brude

EDHEC Business School - EDHEC Infrastructure & Private Assets Research Institute ( email )

One George Street
15-02
Singapore, 049145
Singapore

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