infrastructure
Energy Transition Infrastructure as an Asset Class
Grids, storage, renewables and the power behind AI: how the energy transition became an infrastructure asset class long-horizon owners can no longer ignore.
Universal Asset Owners
Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
Climate Risk
Climate, Nature, and Transition Risk: Research Hub
Our research hub on climate, nature and the energy transition as financial risks for long-horizon investors: systemic and physical risk, transition risk, net-zero portfolios, nature and natural capital, and how owners respond.
Climate Risk
Climate Change as a Systemic Risk for Universal Owners
For an investor that owns the whole economy, climate change is not an asset to trade around but a system-level risk that cannot be diversified away. Here is why universal owners treat it as financial, and what they can actually do about it.
The Saturday Edit
You already own the AI power bill | May 23
The binding constraint on AI is electricity, not chips — and a universal owner sits on every side of it. One long read, one chart.