On November 13th, SEIC hosted Professor Paul Tice for the inaugural breakfast lecture on Infrastructure. Professor Tice has worked on Wall Street for the past three decades and has specialized in the energy and infrastructure sector for the past 23 years. His infrastructure breakfast was an excellent introduction to the field, and he framed everything within the scope of potential career opportunities for SEIC club members.

Infrastructure assets are unique due to their long useful lives (several decades), high upfront capital requirements, and extensive barriers to entry due to government regulation. Key topics that Professor Tice covered included the varying risk/regulation profiles of each infrastructure sector; historical and forecasted global infrastructure spending and correlation between economic growth and infrastructure investment; typical project financing parameters and deal structures for infrastructure investments; and an overview of public-private partnerships. Professor Tice tied the materials together with brief case overviews for investments in bridge replacement, renewable energy portfolio deployment, and political risk of investing in developing countries.