Matters Graph Sector Coverage

Infrastructure is both a set of industries and a nuanced investment style focused on strong risk-adjusted returns that come from lower volatility (risk) rather than maximizing returns. Matters Graph's experiences in Infrastructure extend from the core physical assets (ports; trains; digital infra; and more) to the “Core Plus” world of Infrastructure services, where providers can enjoy long-term contracted revenues with low variance and cyclicality.

Whether you’re examining digital infrastructure, waste systems, last-mile delivery services, or utility infrastructure services, you need to understand the interplay of demand drivers, competitive moats (barriers and capital constraints), and the potential for disruption. Great infrastructure investments often don’t make headlines: they tend to fly under the radar, earning consistent returns. Building, renewing, and/or reinforcing infrastructure characteristics of assets can also drive strong exits through opening up new investors with lower costs of capital—and diligencing and then realizing this potential is a common theme in many of the infrastructure and infra-like deals that Matters Graph supports.

CDD should include insights from regulators and municipal authorities; corporate tenants and users; logistics operators and partners; specifiers and engineers and more. Key themes should assess usage trends, permitting risk, and renewal terms, as well as where infrastructure is mission critical and where it risks disintermediation. This can be especially important in fast-moving environments like much of digital infra and energy/renewables. Matters Graph has extensive experience across the infra landscape, working with infrastructure teams from private equity firms as well as infrastructure-focused firms.

The following projects were completed by GRAPH for infrastructure-style investors, with diligence testing the long-term demand stability and low risk of disruption (for details on GRAPH diligence exercises that are covered by PitchBook, click on the PitchBook icons below to view deal details):