In this episode of Goldman Sachs Exchanges, Allison Nathan interviews Tavis Cannell, the global head of infrastructure within Goldman Sachs Alternatives, about the evolving landscape of infrastructure investing. Cannell discusses how infrastructure has become a resilient and diversifying asset class, noting its attractive returns and low correlation with other asset classes. He explains the shift in infrastructure from traditional transport to energy, energy transition, digital infrastructure, and the circular economy. The conversation covers investment opportunities in data centers, the impact of AI, and the energy transition space, including the Inflation Reduction Act. Cannell also highlights the importance of clarity in government incentives and the potential for growth in both the U.S. and European markets, as well as the impact of geopolitical tensions and tariffs on infrastructure investing, concluding that despite the confusing environment, it's an interesting time to invest in infrastructure due to megatrends like decarbonization and digitalization.
