Insights

In our January 2026 Outlook, we flagged the US midterm elections on November 3 as the key political event of the year, noting that the sitting President’s party has lost House seats in 20 of the last 22 midterms. In our July mid-year update, we wrote:

This is a summary of the 25th edition in our series of Trip Insights. It distils the key messages from a trip by Peter Aquilina, Senior North American Investment Analyst, across the US in September 2026, where he met the management teams of 28 electric, gas and water utilities and midstream energy companies.

This is a summary of the 24th edition in our series of Trip Insights. It distils the key messages from a trip by Sarah Shaw, Global Portfolio Manager, to Mexico and Brazil in late August 2026, where she visited airport and infrastructure sites, met more than 20 management teams across airports, toll roads, rail, utilities and water, and gathered insights from political and economic experts.

Perennial Partners (Perennial) and 4D Infrastructure Pty Ltd (4D) are pleased to announce that they have entered into binding agreements which will see 4D become part of Perennial Partners’ house of specialist investment teams.

In our annual 2026 Outlook in January, we discussed what the year ahead could bring. Reflecting upon the risks and opportunities we highlighted, and the events of the last six months, the central tenets of our outlook have held true.

This is the 23rd edition of our Trip Insights series, where we share our travel experiences and on-the-ground perspectives from our company meetings and regional visits.

When the 4D Global Infrastructure Fund (Unhedged) passed its tenth anniversary in March 2026, it had delivered annualised returns of over 10% since inception[1]. Global Portfolio Manager Sarah Shaw reflects on what’s changed in the infrastructure world over that decade, what the next chapters look like, and why the core investment case remains as compelling as ever.

Our global infrastructure specialist reflects on a transformed investment landscape and the structural forces shaping the next decade.

At 4D Infrastructure, responsible investment is embedded across our investment and stewardship processes, reflecting our conviction that strong environmental, social and governance (ESG) practices support better long-term outcomes for investors and communities.