Investment Rating - The report indicates a positive outlook for infrastructure investment, with 70% of respondents expecting an increase in fundraising and investment activities over the next 24 months, and 30% anticipating a substantial increase [3][10]. Core Insights - The infrastructure asset class has experienced significant growth, with a compound annual growth rate in assets under management averaging 16% over the past decade, reaching over USD 1.1 trillion [2][6]. - The global infrastructure gap is estimated at USD 15 trillion through 2040, necessitating increased private financing to bridge this gap [2][18]. - Key drivers for future investment include the energy transition, digitalisation, and demographic changes, with 54% of respondents identifying energy transition as a primary investment catalyst [3][24]. Summary by Sections Part 1: Infrastructure: Into the Mainstream - Infrastructure has become one of the fastest-growing asset classes, with M&A activity increasing from 551 deals valued at USD 148.5 billion in 2015 to 2,105 deals worth USD 658.4 billion by 2022, representing increases of 282% in volume and 343% in value [7][6]. Part 2: Key Driver 1: The Road to Energy Transition - The International Energy Agency (IEA) projects that annual investments in renewable energy need to triple to around USD 4.5 trillion by 2030 to achieve net zero emissions by 2050 [25][26]. - Solar photovoltaic (PV) and onshore wind are expected to attract the most investment, with 61% and 58% of respondents indicating these technologies as priorities [27][28]. Part 3: Key Driver 2: Digital Watch - Digitalisation is viewed as a primary investment driver by 36% of respondents, particularly in Europe, where it surpasses the energy transition in importance [37][38]. - Data centre investments reached USD 22 billion in the first five months of 2024, indicating strong growth in this sector driven by cloud computing and AI [40][41]. Part 4: Regions in the Spotlight - The Middle East is identified as the most attractive region for infrastructure investment, with 60% of respondents viewing it as highly attractive due to political stability and ambitious development plans [3][10]. - North America and Europe are expected to see the greatest investment in digital infrastructure, with 62% and 61% of respondents respectively indicating this trend [38][42]. Part 5: The Healthcare and Social Deficit - The COVID-19 pandemic has highlighted significant deficits in healthcare and social infrastructure, prompting 35% of respondents to expect increased investment in these sectors, particularly in the Asia Pacific region [3][10]. Part 6: The Sustainability Imperative - ESG considerations are becoming increasingly significant, with 47% of respondents expecting the importance of ESG to grow significantly in the next two years, particularly in Africa and APAC [3][10]. Part 7: A Journey to the Core - Investors are increasingly focusing on core infrastructure assets for their stability and predictable cash flows, with 66% planning to increase exposure to core-only assets [3][10]. Part 8: Risky Business - Geopolitical risks remain a top concern for infrastructure investors, with 35% citing these as the biggest potential impediment to investment [3][10]. Part 9: Tackling a Risky Business - Investors are employing proactive asset monitoring and management strategies to mitigate risks, with at least two-thirds of respondents relying on these methods [3][10]. Part 10: Conclusion: Where Do We Go From Here? - The report concludes with cautious optimism for a continued rebound in infrastructure investment, supported by stabilising interest rates and the pressing need for renewable energy infrastructure [5][10].

WILLIAM FRY M & A 半年 REVIEW|2024 七月2024 02 / / W I LL I A M F R YLLP I. Overview 入站活动 爱尔兰的主要趋势M & A DealFocus PrivateEquity Sector手表 26 Outlook 关于威廉: 28 Contents M & A半年Review|2024 22 10 04 12 14 18 03 I. 04 / / W I LL I A M F R YL L P M & A半年Review|2024 05 Overview STE PHE N K EO G H 合伙人 ， 负责人 公司 / 并购和 MANAGING PARTNER - ELECT -20% 今年到目前为止已经看到 185 项已宣布的交易对于 爱尔兰公司 - a减少 20% 与 2023 年同期相比。 207% 178 亿欧元- 交易 价值 记录在上半年代表 207% 的增长在 2023 年 的同一时期. 今年上半年，爱尔兰并购市场出现了两种截然不同的趋势 。一方面，在宏观经济波动和地缘政治紧张的背景下，爱 尔兰的交易数量有所放缓，商界领袖 ...