Infrastructure - The essentials
The infrastructure asset class is experiencing rapid global growth driven by several key trends: a shift towards sustainable infrastructure and new technologies, widening infrastructure gaps worldwide, and increasing demand for infrastructure financing in developing regions.
In the current turbulent macroeconomic environment, infrastructure assets provide an inflation hedge and show resilience, offering protection to investors. The low correlation with other asset classes, steady yields, and strong strategic market position make infrastructure a valuable alternative to traditional markets.
Duration: 2h
Language: Available in English
Number of participants: up to 15
Available as intra-company course (i.e. dedicated session on demand)
Course content can be customised on demand under specific conditions.
Objectives
By the end of this training, participants will be able to:
- comprehend the role of infrastructure in the economy, including its various types and key characteristics;
- anticipate potential future developments in the infrastructure sector;
- stay informed about the latest market trends;
- gain insights into the infrastructure landscape in Luxembourg;
- identify key industry focus areas, recognise the importance of valuation and existence as a point of attention.
Content
- Role of infrastructure in the ecosystem/various types and key characteristics
- Latest market trends
- Potential future developments
- Infrastructure landscape in Luxembourg
- Key industry focus areas
Target audience
- Alternative investment fund managers and their employees
- Conducting officers
- Independent board members of Alternative investment funds and their general partners
- Valuation practice staff
- Financial managers
- Accountants
- Custodian officers
- Relationship managers
- Compliance officers and internal auditors
- Other professionals of the financial sector involved in the management and/or administration of Alternative vehicles
Our lead experts
This training is sponsored by Pierre Mallet, Partner and coordinated by Dumitru Minciuc & Ani Nersisyan, Assurance Directors at PwC Luxembourg.
Pierre Mallet is a partner and Infrastructure Leader with over 25 years of audit experience, specialising in complex international assignments across regulated and non-regulated reporting frameworks. He has developed significant expertise in the financial sector, focusing on Infrastructure, Real Estate, Private Equity, and International Tax Structures. Pierre leads the Luxembourg Infrastructure practice and is an active member of the ALFI Infrastructure Group. He manages numerous client engagements under IFRS and Lux GAAP, demonstrating strong knowledge in consolidation. His notable client projects include Macquarie, Allianz Global Investors/Capital Partners, DWS, and Cordiant.
Dumitru Minciuc is a director at PwC Luxembourg with over 10 years of experience specialising in the Alternative Fund sector, particularly in real estate, infrastructure, and private equity. He has extensive expertise auditing diverse products such as debt funds, equity funds, fund of funds, and securitisation structures. Dumitru manages a portfolio of both regulated and non-regulated clients, including open- and closed-ended funds, and leads initiatives within PwC’s Infrastructure Core Group. He serves as an internal trainer delivering audit methodology and infrastructure-specific technical sessions, while also providing client-facing training on industry frameworks, investment lifecycle, accounting treatments, and regulatory matters. His expertise includes Lux GAAP, IFRS, and consolidation, with notable projects for clients like Macquarie, AXA REIM, Allianz Global Investors, and RTL.
Ani Nersisyan is a director with over 14 years of professional audit experience, including more than nine years at PwC Luxembourg, specialising in the Alternatives investment sector. She has developed deep expertise in Infrastructure, Real Estate, Private Equity, and Private Debt, working with diverse fund structures and investment vehicles. Ani possesses comprehensive technical knowledge of IFRS, US GAAP, and Luxembourg GAAP, operating within US GAAS and ISA auditing frameworks. She plays a key role in PwC Luxembourg’s Infrastructure Core Group, delivering specialised internal and client-focused training on infrastructure accounting, regulatory developments, and market frameworks, supporting asset managers and investment professionals. Her notable client projects include Macquarie, BBGI, BlackRock, and Global Infrastructure Partners.
