When covid first began its relentless march across the globe in early 2020, infrastructure managers inevitably shifted their focus from value creation to value preservation. “First off, it was about making sure the employees were safe. We then implemented business continuity plans, ensuring that our assets could continue providing essential services to the communities in which they operate,” recalls Jamie Storrow, co-head of infrastructure at Northleaf Capital Partners, at our debut value creation roundtable discussion. In the sectors that were most materially affected, such as toll roads, Northleaf then set about working on cost-reduction programmes, delaying non-essential capex and drawing on banking lines, where required, to ensure liquidity.

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