Capital Markets
Q1 2026
The Case for Permanent Capital Platforms
Why long-duration vehicles outperform project-by-project financing in infrastructure and real assets.
Available upon request
Insights
Perspectives on institutional capital.
Research notes and structural commentary for principals building long-duration capital platforms.
Each note addresses a structural question we encounter repeatedly in mandates.
Structuring
Q1 2026
Designing Sovereign-Grade Capital Structures
Governance, transparency, and jurisdictional design as prerequisites for institutional participation.
Available upon request
Institutional Access
Q4 2025
Capital Formation in a Higher-Rate Environment
How allocator behavior is reshaping the terms on which real asset platforms are financed.
Available upon request
Editorial Approach
Why we publish structural commentary.
Our notes are written for a narrow audience: the principals and committees who decide how a platform is structured.
They are not market forecasts. We do not publish price calls or allocation recommendations.
Instead each note takes one recurring structural problem and sets out how it is resolved in practice — the trade-offs, the sequencing, and the conditions under which a given approach holds.
Where a subject requires detail beyond a short note, we prepare longer material for mandate counterparties on request.
Subjects We Cover
Recurring themes across our research.
Permanent capital vehicles and how their economics differ from project-by-project financing.
Sovereign-grade structuring, including jurisdictional selection, governance design, and the transparency standards allocators now expect as a precondition rather than a preference.
Capital formation under changed rate conditions, and how allocator behaviour reshapes the terms on which real asset platforms are financed.
Institutional readiness — the documentation, reporting, and diligence architecture a platform needs before it approaches capital.
Notes are made available on request to counterparties and institutional investors.
Readership
Who these notes are written for.
The intended reader sits on the sponsor side of a platform, not the distribution side.
That includes officials in ministries and public authorities weighing how to bring a national asset base to institutional capital.
It includes finance directors at infrastructure sponsors deciding whether a portfolio justifies a permanent vehicle.
It includes developers whose pipeline has outgrown project-level debt, and allocators assessing how a platform has been assembled before they underwrite it.
Each note is short by design. The purpose is to sharpen a decision, not to survey a market.
Contact
Request an Insight Note
Research notes are shared on request. Tell us which subject is relevant to your mandate.
Enquiries
inquiries@cdg.fundEngagement
Select advisory mandates, by introduction or direct inquiry.