Adrian Mucalov coverage in Institutional Investing in Infrastructure: Tapping in: Emerging markets can represent a gold mine of opportunities for those who move strategically

Adrian Mucalov, Partner and Head of Long Life Infrastructure at Actis, spoke to Kali Persall for an article in Institutional Investing in Infrastructure about investment opportunities in emerging markets. Click here to read the full article online and read on below for a snapshot of Adrian’s comments.

Adrian Mucalov, Partner and Head of Long Life Infrastructure at Actis, commented:

“What we look for in principle are markets that have a demonstrated history of successful private-sector infrastructure investment across business and political cycles.

“Our expertise is also to analyze the specific risk protections provided in typical infrastructure businesses, which may include long-term contracts, FX [foreign exchange] protection, inflation and/or interest rate protection, government guarantees, political risk insurance, credit enhancements, or other risk mitigants depending on the nature of the asset. These types of protections typically make infrastructure investing more resilient and defensive in different macro cycles.

“There is a misalignment between perceived risk and real risk. Many of Actis’s investors understand this. They choose to invest in these markets either to diversify away from developed markets or to seek alpha returns that could not otherwise be achieved by similar infrastructure investments in developed markets.”

Disclaimer

The statements made by Adrian Mucalov herein regarding investment opportunities in emerging markets are as of 1 May 2025 and represent the views of Actis which is not research and should not be treated as research.

Market view: General discussions contained in this article regarding the market or market conditions represent the view of either the source cited or Actis. Such information is not research and should not be treated as research and is included in order to provide a framework to assist in the implementation of a recipient’s own analysis and a recipient’s own views on the topic discussed. Moreover, there is no assurance historical trends will continue. Historic market trends are not reliable indicators of actual future market behaviour or future performance of any particular investment which may differ materially and should not be relied upon as such. Nothing contained herein is intended to predict the performance of any investment. There can be no assurance that actual outcomes will match the assumptions or that actual returns will match any expected returns.

Risk Statements: Risk management seeks to mitigate risk but does not eliminate risk and does not protect against losses.