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The Infrastructure Investor Podcast

PEI Group
Data Centers
Infrastructure Investment
AI Infrastructure
Renewable Energy
Energy Transition
Artificial Intelligence
Digital Infrastructure
Private Equity
Infrastructure Debt
Infrastructure Fundraising
UK Water Sector
Investment Strategies
Fundraising
Decarbonization
Digitalization
KKR
U.S. Infrastructure
Geopolitics
Inflation Reduction Act
Mid-Market Infrastructure

The Infrastructure Investor Podcast delves into the latest trends in private infrastructure investment, bringing you insightful interviews with many of the industry’s most influential leaders, as well as original analysis from our award-winning team of journalists. Visit infrastructureinvestor.com for more on the sector.

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Latest Episodes

In this episode, editor-in-chief Bruno Alves sits down with Olivia Wassenaar, head of Apollo’s infrastructure group.

Apollo has been investing in the asset class for a long time, but it only raised its first infrastructure fund in 2018. Wassenaar ta... more

This episode is sponsored by IFM Investors and Solas Capital

Infrastructure has never been more popular with investors, with record-setting fundraising numbers last year. But as the asset class grows, its definition keeps getting stretched, creating... more

In this episode of the podcast, editor-in-chief Bruno Alves sits down with Marion Calcine, chief investment officer at Ardian Infrastructure.

We’ve been hearing a lot about investors’ newfound interest in Europe. Ardian raised one of the largest-eve... more

This episode is sponsored by Fengate Asset Management and Ridgewood Infrastructure

Mid‑market infrastructure has quietly become one of the sector’s strongest performers, generating a 10‑year median net return of 12.3 percent and emerging as a meltin... more

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Recent Guests

Olivia Wassenaar
Head of Apollo's infrastructure group
Apollo
Episode: Apollo's deal-first, 'no walls' playbook for infra investing
David Cooper
Head of debt investments at IFM Investors
IFM Investors
Episode: Why debt discipline matters as infrastructure’s definition expands
Sebastian Carneiro
CEO and co-founder of Solas Capital
Solas Capital
Episode: Why debt discipline matters as infrastructure’s definition expands
Marion Calcine
Chief Investment Officer at Ardian Infrastructure
Ardian Infrastructure
Episode: Ardian: ‘We’ve been less shy on factoring growth into our business plans’
Mac Bell
Managing Director
Fengate Asset Management
Episode: The mid-market advantage: Higher returns, easier exits?
Sam Lissner
Partner
Ridgewood Infrastructure
Episode: The mid-market advantage: Higher returns, easier exits?
Zak Bentley
America's editor
Infrastructure Investor
Episode: How continuation vehicles are reshaping infra investing
Ville Rimali
Investment Director for Energy Storage at Taaleri Energia
Taaleri Energia
Episode: Inside the BESS wave reshaping renewables investing
Henri Taskinen
Co-founder and CEO at Capalo AI
Capalo AI
Episode: Inside the BESS wave reshaping renewables investing

Hosts

Bruno Alves
Editor-in-Chief of Infrastructure Investor
James Lineker
Host of the episode and reporting for Infrastructure Investor

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Talking Points

Recent interactions between the hosts and their guests.

Apollo's deal-first, 'no walls' playbook for infra investing
Q: So just want to get your thinking and Apollo's thinking on how you navigate all of these pockets of instability as you invest in infrastructure. And if there's any way in which the current moment changes your thinking when you go about investing and doing deals.
Wassenaar emphasizes close portfolio management, communication, risk oversight, and careful timing of exits. Apollo uses relatively light leverage and investment-grade capital structures where possible, which she says gives portfolio companies flexibility in volatile conditions.
Apollo's deal-first, 'no walls' playbook for infra investing
Q: Just talk us through how long Apollo's been investing in infrastructure, but also kind of zoom in at that point when infrastructure caught Apollo's attention in a way that you decided you needed to launch a dedicated strategy for it.
Apollo had invested in infrastructure from its early days through private equity and credit vehicles. Its first dedicated fund launched in 2018 after the firm acquired and selected assets from a legacy GE portfolio, which Wassenaar describes as a deep-value opportunity that helped start the fund business.
Why debt discipline matters as infrastructure’s definition expands
Q: How is AI also being leveraged at improved performance? And will it be a core part of strategic planning? Or is it seen more as a tailwind?
Cooper says AI could improve deal execution and diligence, including ESG reviews, while Carneiro describes its use for operational efficiency and optimizing energy savings in buildings. They also discuss AI-driven airport recovery planning.
Why debt discipline matters as infrastructure’s definition expands
Q: Those portfolios could face some uncomfortable stress levels.
Cooper says IFM has stress-tested investments made during the low-rate period and has no specific concerns, citing the resilience of infrastructure assets and the potential inflation-related increase in underlying asset values. Carneiro says Solas avoids refinancing risk through a buy-and-hold strategy with fixed-rate, fully amortizing cash flows.
Ardian: ‘We’ve been less shy on factoring growth into our business plans’
Q: What's Ardian's view on AI infrastructure and sovereignty in Europe?
AI infrastructure is a major driver, with emphasis on data centers, power generation and transmission, and sovereign considerations; Ardian aims to invest across the full ecosystem, including partnerships with US hyperscalers, under a pragmatic European strategy that avoids replication of other regions' playbooks.

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Frequently Asked Questions About The Infrastructure Investor Podcast

What is The Infrastructure Investor Podcast about and what kind of topics does it cover?

The program concentrates on private infrastructure investing with a strong emphasis on data centers, AI-driven infrastructure, and energy transition assets. Episodes frequently explore fund structures, secondary markets, and capital-raising dynamics, often featuring senior investors, fund managers, and operators who shed light on economics, policy, and risk in large-scale infrastructure. A notable throughline is the intersection of technology (AI, cloud, storage) with energy systems (power, grid, water), and how these forces shape investment strategy, market competition, and exits. The show frequently includes practitioner-focused perspectives from top infrastructure firms, PE/VC specialists, and legal/regulatory experts, offering both macr... more

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Which podcasts are similar to The Infrastructure Investor Podcast?

These podcasts share a similar audience with The Infrastructure Investor Podcast:

1. Dry Powder: The Private Equity Podcast
2. Crossroads: The Infrastructure Podcast
3. Capital Allocators – Inside the Institutional Investment Industry
4. The Allocation: Private Markets for the Total Portfolio
5. Redefining Energy

How many episodes of The Infrastructure Investor Podcast are there?

The Infrastructure Investor Podcast launched 2 years ago and published 53 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Infrastructure Investor Podcast?

Recent guests on The Infrastructure Investor Podcast include:

1. Olivia Wassenaar
2. David Cooper
3. Sebastian Carneiro
4. Marion Calcine
5. Mac Bell
6. Sam Lissner
7. Zak Bentley
8. Ville Rimali

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