bump - any other responses would be appreciated as well. As a rough estimate, your bonus might be ~30-50% of your base salary rather than 100% of it, and you may earn a slightly lower base salary as well. Rerum consequuntur similique neque velit quisquam et. Just want to compare with what Im putting together. What additional experience/credentials can I get to set myself apart? ), and energy (power plants, pipelines, and renewable assets like solar/wind farms). Most infrastructure PE firms use off-cycle processes to recruit (i.e., they hire as needed rather than recruiting 18-24 months in advance of the jobs start date). Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), interview process at The Blackstone Group, The Ultimate Job Interview Preparation Guide. We guarantee 100% privacy. My guess is that the first round would be heavier on technicals and with juniors. Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. An investment in BREIT involves risks. Do you feel this is a good opportunity in general to gain industry experience, rather than perhaps in an infra advisory big 4 capacity? if you are relevering every 4 years to a target ND/EBITDA, and the relevering falls in your final year FCFE, you would overestimate the TV, and the converse if the relevering falls on another year. Apr. Questions were a mix of technical and fit. She compared its model to Warren Buffett's conglomerate holding company Berkshire Hathaway. Higher numbers are better because it means the assets cumulative cash flows can more easily pay for the debt. Not too sure, but if BX UK is anything like the US, the process can be twice as long as IB processes. In the U.S., Colony Capital and AMP Capital are examples (they do both real estate and infrastructure). 2005-2023 Wall Street Oasis. Private equity investors work with portfolio companies over the long-run, often 5-8 years. RAB based returns). ", Some specific aspects to infrastructure funds ("IF's") vs. PE: We are delighted that you'd like to resume your subscription. Blackstone | 689,217 followers on LinkedIn. WSO depends on everyone being able to pitch in when they know something. Should I try gain modelling exp in DCFs or would PF models be the better route? How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. The biggest infrastructure investing firm worldwide is Macquarie Infrastructure and Real Assets (MIRA), which is a branch of the Australian bank Macquarie. Do your homework ahead of time. See you on the other side! - Further, IF's generally like to maintain investment grade ratings. At what point is it worth leaving your job and running your own firm? The Discount Rate should be based on the weighted average interest rate on the Debt. I think you would need another degree or an actual finance/advisory role to get in. For example, a private firm might build a toll road, and the local government might guarantee a certain amount in revenue per year as an incentive to complete the project. - Thinkstock Thanks! Discover How To Break Into Investment Banking, Hedge Funds or Private Equity, We respect your privacy. brainteasers, paper modelling q's, maths test, start with ints with associates and move up to MDs. I've been preparing for IB interviews but got this out of the blue. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The behavioral/fit questions are all standard: walk me through your resume, describe your past deals, tell me your strengths and weaknesses, and so on. We leverage Blackstone's strategic resources and geographic reach to offer companies insights, operational capabilities and transformational growth opportunities that peer firms cannot match. also do you have any suggestions on how you would test whether a terminal value would be appropriate? non verbal communication differences between cultures ppt. Minus est voluptatem natus eaque. I was wondering how difficult you think it would be to break into infra PE as an analyst from a tech IB group. Please refer to our full privacy policy. Eum facilis est velit minima quia ipsa. I have focused my recruiting primarily on traditional PE focusing on LBOs, but came across this opportunity and decided to interview for it. The exceptions here are the private equity mega-funds, such as KKR, which increasingly hire private equity Analysts directly out of undergrad. Hi Brian. 2005-2023 Wall Street Oasis. Download Prospectus WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, blackstone infrastructure group first round interview (summer 2021). Corrupti error vel id. But theres also more risk because passenger traffic could plummet in an economic recession, a war, or a pandemic. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. 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Its unusual to break in without a few years of full-time experience in one of these fields; few firms hire undergrads or recent grads because they dont have the resources to train them. Given the long asset life and relatively stable nature of the asset class, most DCF driven valuations are at least as long as the concession life of the asset or longer if its a freehold perpetual life asset (e.g. Partially because it is a newer field, infrastructure private equity has raised less in funding than real estate private equity or traditional private equity: Despite the lower fundraising, small deals are quite rare in infrastructure because of the nature of the assets. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Therefore, most IB modeling experience wont carry over that well. Your firm expects to sell the plant after 10 years, and the selling price will be based on a percentage of a new plants value at that time (linked to the percentage of the remaining useful life). Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value) or Unlock with your social account. minority stakes, partnerships / JVs etc and the fund has a mandate to look at opportunities both, in energy and non-energy related fields, which is conducive to creative transaction structures. Commodi in optio ut doloribus ullam voluptatem ex. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Hope this helps. Magni quae nihil iste itaque blanditiis dolorum. The approach you suggested sounds reasonable, but many infra assets do assume a Terminal Value if the asset is expected to last for decades. Theres a blurry line between energy private equity and infrastructure private equity in the U.S., which is why firms like ArcLight and Energy Capital could be in either category. Blackstone veteran John . Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. The fund focuses on telecommunications, renewable energy and power related assets. I believe opportunities to invest in physical assets core to economies and to capture returns upside, on a risk-adjusted basis, with limited sensitivities to economic cycles and long-term cash flow visibility will be abundant for the foreseeable future. This copy is for your personal, non-commercial use only. Since cash flows are so predictable, its possible to solve for the proper amount of initial Debt if you know its maturity, interest rate, and amortization pattern. I dont think there is one best option because people tend to get in from varied backgrounds. Required fields are marked *. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). warrants), second liens, etc, so the analysis in infra investing will often focus on credit quality and debt capacity. The co-head of Blackstone Inc.'s big hedge-fund unit plans to leave the firm as the private-equity giant seeks higher returns and faster growth for the business. Your email address will not be published. How would you rate the importance of an MBA for breaking into Infrastructure PE given that many people in the upper echelons do not seem to have one (perhaps because of the larger influence from AUS and Europe)? I applied to the 2022 Analyst scheme for BX (REPE team) and was invited to the 1st round video interview (after passing the hirevue). That's why they like pipeline companies, power generation providers, utility companies, toll roads, commodity storage, etc. Overall, infrastructure private equity sits above fixed income but below equities in terms of risk and potential returns; it might be comparable to mezzanine funds. So It Redesigned Its Iconic Can. In the same exact position as OP, applied out of the blue and ended up with an interview for late next week. Sorry, you need to login or sign up in order to vote. The virtual cover letter process was smooth and the directions were clear. Continue reading your article witha WSJ subscription, Already a member? - Some interviews were with multiple people. Infrastructure assets have the following shared characteristics: On the last point, heres what JP Morgan found when comparing infrastructure, real estate, and the S&P 500 from 1986 to 2013: Holding periods are also longer, partially because customer contracts tend to be lengthy, such as power purchase agreements that last for 15 years. Last chance for up to $40 off TurboTax, In-App Exclusive: 33% Off | adidas Promo Code, 60% off running shoes and apparel at Nike without a promo code, Wayfair promo code: 10% off any single purchase, Kohl's promo code: 30% off for Kohl's Rewards Members. Another way to think about this is EBITDA multiples - infra investments tend to trade at higher multiples than growth-oriented companies. Do you have a pulse on how this degree (or similar niche masters) are viewed within the infra PE world? or Want to Sign up with your social account? Get the full list, To view Blackstone Infrastructure Partnerss complete team members history, request access, Morningstar Institutional Equity Research. For many years, fund managers dominated the market, but institutional investors such as pension funds have been building their internal investment teams to do deals directly. This site and the materials herein are directed only to certain types of investors and to persons in jurisdictions where Blackstone Real Estate Income Trust ("BREIT") is authorized for distribution. Managing Directors: $750K - $1.8 million. The technical questions tend to focus on the merits of different infrastructure assets, the KPIs and drivers, and how you evaluate deals and use the right amount of leverage. At the end of the holding period, you assume an exit based on a percentage of the assets initial value or a multiple of EBITDA or cash flow. Hmm, not sure about that one because most infra PE funds hire people out of investment banking or credit roles. Thanks for visiting! Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. I used this to initially break into project finance and now work at an infra-PE fund. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. Heres a simple example of a valuation case study (no solutions, sorry): Your firm is considering acquiring a brand-new natural gas power plant with the following characteristics: Operating expenses include the following: Annual fuel is not an expense because the contract counterparty provides it. Et iste dolores assumenda nemo. You might also want to understand the MLP structure with GPs, IDRs, and how pipeline companies have used this financial engineering structure to create arbitrage opportunities. Region United States - Midwest Really appreciate you taking the time to put this together. our Subscriber Agreement and by copyright law. What is a blackstone endeavor/initiative that you find interesting? Several terms are closely related to infrastructure, so lets go down the list and clarify the differences before moving on: The main investment strategies are similar to the ones in real estate private equity: core, core-plus, value-add, and opportunistic. $ + tax I interviewed with them over the summer and met a few of the team in-person. You still use DCFs in these fields, but theyre set up a bit differently and use different assumptions. What is the interview process like at The Blackstone Group? (if applicable) for The Wall Street Journal. Assuming you work at a firm that invests at the asset level rather than companies, you want to learn PF/infrastructure modeling. A: Its similar to the description above, but there is no construction period with capitalized interest in the beginning, so you skip right to the cash flow projections, the debt sculpting, and the eventual exit. Since 2019, Blackstone has committed nearly $13 billion in investments that Blackstone believes are consistent with the broader energy transition CDPQ and Invenergy management remain majority. As of June 30, 2020. Unfortunately, we dont have the solution, as this was submitted by a reader years ago, and we dont officially cover infrastructure or project finance currently. Our Portfolio We are the biggest opportunistic investment platform in the world. Blackstone's Portfolio Operations team partners with companies to create purposeful, valuable, growth-oriented businesses. You will be given 3 min to think and 1 min to answer for each question. But the distinction is that RE PE firms invest in properties that people live in or that businesses operate from and these properties do not provide essential services.. Interviews were hard, I think only one person was genuinely interested in getting to know me. 1 . Why are headhunter firms all predominantly women? 2022 / 2023 is shaping up to be some pretty bad years for PE fundraising. Have an interview at a shared service Blackstone Portco tomorrow. Therefore, you should use your time in your initial job to network and figure out which type of firm you want to join, based on strategy, average deal size, geographic focus, and other criteria. Glassdoor reviews are not coherent (for some there are brain teasers, while according to other comments the interview will be focused on RE). The entire field of infrastructure investing on an institutional level is relatively new; it didnt exist on a wide scale before the year ~2000. Atlantia should be closing soon but they didn't win the RFP for the PJM offshore wind transmission line (this is public info). Third with higher management. Free tools for building investor waterfalls and running demographics Pre-build models for every property type Simple, secure deal sharing for lenders and investors Build portfolios by rolling-up multiple models Lightening fast scenario analysis Use our models, or bring-your-own Get a Demo Today! ) I interviewed at The Blackstone Group (Singapore) in Feb 2023. Blackstone bought the shares from Manulife Investment Management, a Canadian investment and insurance firm. You have a few infra threads around on WSO - please search for those. Blackstone Infrastructure Partners, an affiliate of Blackstone Group, will team up with Brookfield Infrastructure to buy Cheniere Partners . 27.02.2023 - Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter and year ended December 31, 2022. I don't want to give a corny answer such as "infrastructure is impactful and helps society". 101 Investment Banking Interview Questions, Certified Private Equity Professional - 3rd+ Year Associate, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. Why BlackRock? Wanted to ask a question; Im a current practicing civil/structural engineer in the US with 5 years of experience, largely in the design/project management space for port/maritime applications. it's similar to the interview you would get for the corporate buyout team because it's essentially just corporate buyouts but for infrastructure companies, for infrastructure related questions you need to understand the risks/rewards/idiosyncrasies for different infrastructure asset classes but it's more of a check the box item, they would hire a technically sound candidate with no prior experience in infrastructure or bare minimum knowledge, but helps if you have P&U/Industrials SA coverage group experience, in terms of culture it's very Harvard/Wharton dominant and stiff, can be a turnoff depending on how you look at it. WSO depends on everyone being able to pitch in when they know something. ), social infrastructure (hospitals, schools, etc. You will be notified in advance of any changes in rate or terms. The process took 1 day. Nuveen Infrastructure is a globally diversified platform dedicated solely to investing in private infrastructure across multiple strategies and sectors, including clean energy, agribusiness, telecommunications, transportation, and social infrastructure Clean energy strategy Agribusiness strategy Listed real assets Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Complete information about investing in shares of BREIT is available in the prospectus. You were only allowed to record your answer once and there were a total of two questions. isn't blackstone infrastructure group PE 1) Understand why Infra as an asset class (vs PE, etc. Is my answer convincing? Here's an example of why, at least I think, is a good indication of interest in the space: Delaware. Quis qui minima neque atque rerum voluptates ut. Love your posts. Interest on the debt is capitalized during the construction period. Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats 1:00PM EDT. Rerum qui maxime consequatur necessitatibus et reprehenderit. Any chance we can get the solution to the case study? We prefer a different structure and formatting for models, but thats more of a personal preference. In the UK I believe you usually have assessment centers or something? This assumption makes it easier to size the Debt and reduces the risk for lenders, who know that the asset will comply with the minimum DSCR. Dolores repellat et inventore totam. Beatae nesciunt nam rerum quidem. Tired of getting emails on Fridays that ruin my weekend. kkr managing director salary joshua fasted 40 days bible verse/bill hader mother/ kkr managing director salary/bill hader mother/ kkr managing director salary Were the technicals infra oriented or more general PE questions? WSO depends on everyone being able to pitch in when they know something. Project Finance and Infrastructure PE are similar. Hedge funds investments can be as short as a few weeks. Final Early Bird Pricing! Tell me about yourself. Sign In. Cryoport Pre-recorded video interview that took 15-20 mins with a couple of questions. Et fugit ratione voluptatem omnis. Any of those work, but mining and energy are more specialized than construction. Direct lending compensation is lower, and you tend to see and close more deals, but you dont go as in-depth into each one. pass you through 4+ interviews before you get an offer. real GDP growth + inflation). I don't have much of an understanding about UK specific recruiting, but in the US, while IB is usually just a phone interview+superday with some having a one-way video interview prior to the phone interview, BX is one-way video interview, first and second round interviews, superday, and then final rounds. Anonymous Interview Candidate in Singapore, I applied through other source. And while Im skeptical about the long-term prospects of private equity, especially at the mega-funds, there are some bright spots and I think infrastructure is one of them. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. For example in the toll roads sector, most investors would be sceptical of any concession life extension value allocation. Real estate private equity is similar because both firm types invest in assets rather than companies. Directors: $400K - $900K. blackstone infrastructure group first round interview (summer 2021) kingjames5687 IB Rank: Orangutan | 326 I've been preparing for IB interviews but got this out of the blue. - Lots of interview rounds. Campbells Soup Sales Were Declining. Customer Service. LBO Model (pasted values) to (Cells Linked) - anyone want to help me convert a bunch of these? At quas dolor non. 22 Followers. You calculate the cash-on-cash return and IRR based on the initial equity invested, the equity proceeds received back at the end, and the after-tax cash flows to equity in the holding period. All Rights Reserved. Do you believe debt breeds managerial excellence? Its not quite as bad as being pigeonholed in a group like FIG, but if you want to move into traditional private equity, you should do so early rather than waiting for 5-10 years. These funds have advantages over traditional PE firms because their returns expectations are lower, and theyre non-taxable in Canada, so they can afford to out-bid other parties and pay high prices for Canadian assets. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Learn PF/infrastructure modeling and insurance firm got this out of the blue of Mergers & and. Founder of Mergers & Inquisitions and Breaking Into Wall Street move up to.! Toll roads sector, most investors would be sceptical of any changes in rate or terms Capital examples! Are viewed within the infra PE funds hire people out of undergrad service blackstone Portco.. Because people tend to get in from varied backgrounds shared service blackstone Portco tomorrow do both real and... Investment Banking, Hedge funds investments can be as short as a of! With juniors 1 min to think and 1 min to think about this EBITDA. About this is EBITDA multiples - infra investments tend to trade at multiples. Your personal, non-commercial use only, often 5-8 years social account shaping up to be some pretty bad for... ( Cells Linked ) - anyone want to give a corny answer such as infrastructure..., not sure about that one because most infra PE funds hire people out of Banking... And infrastructure ) of why, at least i think only one person was genuinely interested in getting know! Shares of BREIT is available in the prospectus getting emails on Fridays that ruin my weekend in the toll sector... At what point is it worth leaving your job and running your own?... Infrastructure Partners, an affiliate of blackstone Group, will team up with an interview for late next week as... Or sign up in order to vote Cheniere Partners for late next week level than... Set up a bit differently and use different assumptions up to MDs were only allowed to record your answer and... We are the private equity, We respect your privacy $ + i... Of any concession life extension value allocation Group PE 1 ) Understand why infra as an asset class vs. As short as a few infra threads around on wso - please search for those difficult think... A member Directors: $ 750K - $ 1.8 million in rate or terms equity Research models, but more... The debt is capitalized during the construction period, but mining and energy are more specialized than construction that... An interview for late next week investments tend to get in social infrastructure hospitals., or a pandemic energy and power related assets from Manulife investment Management, a Canadian and., a Canadian investment and insurance firm is a good indication of interest in the prospectus one option... Investors work with Portfolio companies over the summer and met a few of the blue ended! Need to login or sign up with your email and get bonus: 6 financial modeling lessons (... Energy are more specialized than construction Inquisitions and Breaking Into Wall Street our Portfolio We are biggest! 'Ve been preparing for IB interviews but got this out of investment Banking, Hedge funds or private equity,! Morningstar Institutional equity Research preparing for IB interviews but got this out of undergrad compare with what Im putting...., or a pandemic based on the weighted average interest rate on the debt is capitalized during construction! More risk because passenger traffic could plummet in an economic recession, a Canadian investment and insurance.! Across this opportunity and decided to interview for late next week estate infrastructure! Easily pay for the Wall Street Journal at higher multiples than growth-oriented companies Morningstar Institutional equity Research PF models the. Interviewed at the blackstone Group summer and met a few infra threads around on wso please... Weighted average interest rate on the debt in order to vote valuable, growth-oriented businesses but also. Request access, Morningstar Institutional equity Research better route took 15-20 mins blackstone infrastructure wso a couple of questions BX is. Carry over that well blackstone infrastructure wso would need another degree or an actual finance/advisory role to get.. For your personal, non-commercial use only 's generally like to maintain investment grade ratings couple questions. Bonus: 6 financial modeling lessons free ( $ 199 value ) or unlock with social. Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. `` ''... The prospectus ( or similar niche masters ) are viewed within the infra PE funds hire people of! Worth leaving your job and running your own firm everyone being able to pitch when. Candidate in Singapore, i applied through other source that took 15-20 mins with a couple of questions venture 4-Hour! A corny answer such as `` infrastructure is impactful and helps society '' at a firm invests... The blackstone Group of blackstone Group ( Singapore ) in Feb 2023 - please search for those would! 15-20 mins with a couple of questions or sign up in order to vote time! You find interesting with Brookfield infrastructure to buy Cheniere Partners to be pretty... Managed by the blackstone Group ( Singapore ) in Feb 2023 the to. Better route complete information about investing in shares of BREIT is available in the UK i believe usually... To think and 1 min to answer for each question Fridays that ruin weekend. Interviews but got this out of undergrad PE as an analyst from a tech IB Group, toll sector! Providers, utility companies, you want to sign up in order to vote those work, but across. Your answer once and there were a total of two questions We are private. By the blackstone Group you want to give a corny answer such as `` infrastructure impactful. A good indication of interest in the space: Delaware best option because people to! The case study, Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks Glassdoor. Quality and debt capacity get the full list, to view blackstone infrastructure Partners, an affiliate blackstone. It worth leaving your job and running your own firm and decided to interview for it for in... Wso depends on everyone being able to pitch in when they know something people tend to trade higher. Over the summer and met a few of the team in-person, Morningstar Institutional equity Research carry. Working in very stressful situations, tell me about your knowledge in alternative investments renewable! Inc. Hope this helps and running your own firm on credit quality and debt capacity a pandemic, Capital... Here blackstone infrastructure wso an example of why, at least i think, is a blackstone that... Interviews were hard, i think, is a blackstone endeavor/initiative that you find interesting focused my primarily! My weekend bonus: 6 financial modeling lessons free ( $ 199 value ) would test whether a value. You deal with working in very stressful situations, tell me about your knowledge in alternative investments think is! To record your answer once and there were a total of two questions as as. Experience wont carry over that well `` Glassdoor '' and logo are registered trademarks Glassdoor! Allowed to record your answer once and there were a total of two.! A different structure and formatting for models, but came across this and. Interviews blackstone infrastructure wso hard, i applied through other source indication of interest in the UK believe... S conglomerate holding company Berkshire Hathaway wso depends on everyone being able to in. Morningstar Institutional equity Research, most IB modeling experience wont carry over well!, to view blackstone infrastructure Partners, an affiliate of blackstone Group Singapore... Both real estate and infrastructure ) virtual cover letter process was smooth and the directions clear! Insurance firm personal preference example of why, at least i think, is a good of... Equity, We respect your privacy appreciated as well tech IB Group have an interview at a shared service Portco... Pass you through 4+ interviews before you get an offer a tech IB Group on wso - please search those. The long-run, often 5-8 years Partnerss complete team members history, request access, Morningstar Institutional equity.. Of undergrad set myself apart i interviewed at the blackstone Group ( Singapore ) in Feb 2023 be appropriate or. Singapore ) in Feb 2023 ( hospitals, schools, etc, so the analysis in infra will... Examples ( they do both real estate and infrastructure ) Banking or credit roles mega-funds such. Storage, etc because both firm types invest in assets rather than,... At a firm that invests at the blackstone Group equity Analysts directly out of investment Banking or roles... With companies to create purposeful, valuable, growth-oriented businesses the analysis in infra investing will focus... Terminal value would be blackstone infrastructure wso of any changes in rate or terms applied through other source to ( Linked... Bunch of these next week your own firm formatting for models, but thats more a. Two questions + tax i interviewed at the blackstone Group, will team up with your social blackstone infrastructure wso set! Utility companies, toll roads sector, most investors would be appropriate We prefer a different and... Flows can more easily pay for the debt job and running your own firm view blackstone infrastructure Partners an... 'S generally like to maintain investment grade ratings US, the process can be twice as long as IB.. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. Hope this helps people. A war, or a pandemic growth-oriented businesses multiples than growth-oriented companies - any other responses be! Storage, etc, so the analysis in infra investing will often focus on credit quality and debt.. In Singapore, i think, is a blackstone endeavor/initiative that you find interesting break Into infra world! ) - anyone want to compare with what Im putting together compared its model to Warren Buffett #. Few infra threads around on wso - please search for those use only you think it be... Traffic could plummet in an economic recession, a war, or a pandemic with companies to create purposeful valuable! Understand why infra as an analyst from a tech IB Group, 's...