'Infrastructure is considered to be a defensive investment strategy protecting against inflation and capital market volatility through stable long-term cashflows. It has been promising to provide downside protection in the form of inflation protection, stable cashflows and recession resilience' An interesting article as the Infrastructure asset class is once again tested against a volatile market backdrop and macro-environment.  Fund raising has continued at pace in the second half of 2022, however with much more caution from investors.  Core funds are in strong demand amongst most but return targets will need to live up to expectations to appease LPs.