Insights
Research, analysis, and commentary from Aurion's investment teams across real estate, infrastructure, credit, and multi-asset.
Real Estate
The post-pandemic correction in e-commerce growth has created a mis-pricing in logistics real estate that we believe is temporary. Here's why we're adding, not reducing.
Private Credit
The syndicated loan market is efficient. The middle-market direct lending market is not. That inefficiency is the opportunity — and it's unlikely to arbitrage away quickly.
Infrastructure
Hyperscale data centers are increasingly being underwritten as infrastructure. We agree — with caveats. The technology stack changes faster than the concession life suggests.
ESG
The commitments are easy to make. The operational changes required to meet them are not. We walk through what net-zero really means for an alternatives portfolio.
Multi-Asset
The correlation between equities and bonds that made 60/40 work for thirty years is not permanent. But abandoning the framework entirely is also not the answer.
Real Estate
Demand is recovering — but not uniformly. Grade A space in CBDs is performing well. Everything else is under permanent structural pressure. The divergence is the story.
Private Credit
Default rates are rising. That's not surprising. What matters is recovery — and recovery rates in direct lending have historically outperformed syndicated loan recoveries significantly.
Infrastructure
The cost of offshore wind has fallen 70% in fifteen years. At current economics, offshore wind is competitive with gas peakers without subsidy in most European markets. What that means for investors.
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