Infrastructure - Digital and Physical Growth Opportunities

One of the most dominant investment themes of 2024 was the emergence of AI. Investors poured money into new generative AI startups, chipmakers like NVIDIA that power the models saw their stocks soar, and incumbent tech companies like Google, Apple, and Microsoft made aggressive investments in data centers as demand for data exploded. A less recognized but related trend has been the rise of construction spending on manufacturing, which has tripled since 2020 from $75 billion per year to nearly $250 billion in 2024 (U.S. Census Bureau data) on the back of efforts to onshore or nearshore supply chains following pandemic disruptions. To accommodate this growth, significant investments in both infrastructure and power will be needed, creating opportunities for investors to benefit. In 2024 our investment team surveyed the opportunities to invest in digital infrastructure across public and private markets. We also published a deep dive on the state of the power markets globally including implications across industry segments:

Digital Infrastructure Market Overview – October 2024

Charging Forward – The Case for Investing in Power Now

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This communication and its content are for informational and educational purposes only and should not be used as the basis for any investment decision.  The information contained herein is based on publicly available sources believed to be reliable but is not a representation, expressed or implied, as to its accuracy, completeness or correctness. No information available through this communication is intended or should be construed as any advice, recommendation or endorsement from us as to any legal, tax, investment or other matters, nor shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this communication constitutes investment advice or offers any opinion with respect to the suitability of any security, and this communication has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient. Past performance is no guarantee of future results. 

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