Much of the current anxiety around private credit rests on a category error. In this latest article, Haig Bezian, Managing Director in Cordiant’s Infrastructure Credit investment practice, explores why the pressures currently surfacing in US corporate direct lending should not be conflated with infrastructure credit. From underwriting models and origination dynamics to asset security and structural protections, the differences matter.
As agriculture evolves into coordinated, system-based operations, the dynamics of food security are adapting, moving from a stockpiling orientation to active system participation, that prioritises reliability and availability. In the final article of the series, Mark Bennett and Bruno Riccomini examine how long-duration sovereign and institutional capital are aligning with and driving the future of food security through integrated agricultural platforms that build resilient, continuous supply networks for global needs.
Cold-chain infrastructure and the ability enabled by it to harness geographic redundancy, is establishing a new global system of perishable permanent crop supply. A system that is based on an integrated agricultural network, that can deliver the same crop at consistent quality 52 weeks of the year.
In the second article of Cordiant’s series on food supply evolution Mark Bennett and Bruno Sun examine how the nature of supply is shifting from seasonal, periodic output to managed, year-round delivery, and the role private capital is playing.
Historically, global trade has been shaped by critical infrastructure, enabling the movement of goods efficiently from source to destination. However, for perishable food goods, an enabling layer of infrastructure – temperature-controlled supply chains – is increasingly the determining factor for trade routes. This cold-chain infrastructure isn’t just supporting trade; it’s quietly defining its structure and economics. As this infrastructure is deployed, markets are less constrained by geography and are able access to reliable, high-quality fresh foods. In the first of a series of articles examining the permanent crop sector, Mark Bennett and Cedric Garnier-Landurie discuss how sovereign and institutional investment into cold-chain infrastructure, recognising this long-term shift, is reshaping global food trade.
Global trade is dependent on maritime shipping, which in turn is reliant on the functioning of several notable high-traffic chokepoints around the globe, including the Strait of Hormuz. The ongoing conflict in the Middle East and the effective closing of the Strait of Hormuz has sent shockwaves through global trade, notably oil, but it has also exposed critical vulnerabilities in fertilizer supply chains. Thiago Gil examines how this and similar supply interruptions — especially in urea — can cascade into food price inflation, and why adaptive financial architecture is now essential for resilience.
Over the past decade, digital infrastructure has been flooded with capital, and in some cases the line between “core” and higher-risk assets has blurred. In his new article, Cordiant’s Conrad Swanston looks back at how this dynamic played out in last-mile fibre across the UK and Germany, revealing the importance of capital discipline, mandate clarity, and precise risk assessment in achieving resilient outcomes.
Our CEO Cedric Garnier-Landurie reflects on discussions at the World Government Summit, spotlighting the need to treat the food security as a critical infrastructure challenge.
In the ESG investment space, a growing disconnect between sustainability ambition, policy support, and investment reality has emerged. As political headwinds intensify, the question should no longer be whether ESG matters, but how it can stabilise, mature, and refocus on where it most clearly strengthens investment resilience and genuine value creation. In her article, Cordiant’s Melissa Paris St-Amour explores this theme as ESG enters its latest stage of development.
The UK, despite a clear focus on developing its digital networks, suffers from often poor connectivity across the country. It is perhaps surprising, given the level of development and the continued attention placed on the UK’s digital networks. While blame can be cast on several factors, investment, policy decisions and the UK’s natural and manmade landscape, within these points lurks a pervasive and self-perpetuating theme. A fundamental disconnect between connectivity ambition, policy aims and business realities. Given our growing demand for connectivity, this issue must be addressed to enable the UK to lead in the digital age.
The energy transition is accelerating at pace, bringing both opportunity and complexity for developers and investors. As variable renewable energy becomes a dominant part of electricity systems, traditional financing models that were designed around predictable, baseload generation are starting to struggle. Cordiant’s Harrison Parkes examines how financing solutions are evolving to align with market developments and Cordiant’s approach to acting as a strategic partner, not simply a lender.
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