Experienced global investment team

Our investment team is one of the largest dedicated to listed infrastructure investing, with leadership that has overseen our infrastructure investing since 2004

First-mover advantage

Development of new investment strategies focused on the digital infrastructure ecosystem

Industry access

Global investment teams provide on the ground access to companies and assets


Access to the next generation of infrastructure

Companies that we believe facilitate or benefit from the secular trend of exponential growth of data usage and the evolution of the digital infrastructure ecosystem

Concentrated portfolio and approach

Designed to minimize overlap with commonly held technology names

Real Assets

Multi-sector exposure

Targets a balance of larger secular winners and smaller, less well-known companies that can drive alpha across three segments: infrastructure, hardware and software

The growth and importance of data in societies and economies has continued to increase as digital solutions are adopted by consumers. Businesses rely more heavily on data to make decisions and differentiate themselves. A growing number of data points are continuously generated and require a variety of industries to facilitate transfer and usability. This puts the owners, operators and developers of digital infrastructure assets in a unique position.

The Cohen & Steers Digital Infrastructure Strategy employs a total-return, relative-value approach to investing in global listed infrastructure. The strategy invests in companies that we believe facilitate or benefit from the exponential growth of data usage and the evolution of the digital infrastructure ecosystem. The strategy accesses the growing demand for digital infrastructure across three different segments: infrastructure, hardware and software. The strategy seeks to generate capital appreciation over an entire business cycle.

Our portfolio managers are able to draw upon digital experts across both our listed real estate and infrastructure teams. These experienced resources are dedicated to analyzing infrastructure, real estate, and digital asset securities.


Archived – Essential assets: The case for listed infrastructure

Investors’ search for diversification and inflation protection has put a spotlight on infrastructure, made brighter by massive public investment programs and the accelerating transition to a digitized, decarbonized economy.

August 2023 | 1 min


Delivering value to our clients

Cohen & Steers has been investing in listed infrastructure since we launched our flagship Global Listed Infrastructure Strategy in 2004. Based on our commitment to global listed infrastructure and our drive for excellence, we have built a platform positioned to outperform our peers and deliver compelling returns for our clients.

Sign up to get our insights delivered to your inbox



An experienced team

Arun Sharma

Portfolio Manager, Thematic Strategies

22 years of experience

Ji Zhang, CFA

Portfolio Manager, Global Real Estate

17 years of experience

+1 analyst


Supporting our investment team and clients

Michelle Butler

Senior Portfolio Specialist

28 years of experience

Evan Serton

Senior Portfolio Specialist

22 years of experience

As data has become irreplaceable for societies and critical drivers for many companies’ growth, the evolution of the digital ecosystem is now a powerful secular trend, and we believe there is a multiyear growth opportunity within digital infrastructure.

Digital transformations are positively affecting many industries

which creates a diversified investment universe to capitalize on the trend.

We believe a broad exposure to the entire data value chain

allows for tactical allocation while remaining exposed to the theme of digitalization.

The strategy could help broaden an existing infrastructure allocation

or a thematic allocation to increase exposure to this long-term secular trend.


Our investment process

The strategy’s process is intended to create a concentrated portfolio of companies that derive significant revenues from the digital infrastructure ecosystem.

Investment universe
Our core investment universe includes owner/operators of the large-scale infrastructure, physical hardware, and digital software assets that create, and derive significant revenues from, the digital infrastructure ecosystem. We eliminate illiquid securities and companies that do not have the secular/cyclical characteristics we seek.

Fundamental research
Analysts are responsible for conducting detailed bottom-up research, developing high-conviction views on fundamentals and valuations on the companies they cover. We continually reassess management’s capabilities to add value and deliver on its goals. In addition, we integrate ESG factors into our research and valuation models.

Subsector analysis
The team assesses global investment cycles, product cycles, and economic cycles for investment opportunities and evaluates trends at the subsector level. We use a proprietary sub-sector allocation framework and a multi factor ranking model to screen subsectors based on both a fundamental and valuation basis.

Portfolio construction
After we have determined subsector positioning, outputs from security-level models quantify relative value within each subsector. As valuations change, we rotate capital among individual securities. Risk management, diversification, liquidity and other factors are also key considerations.

Essential assets: The case for listed infrastructure

September 2023 | 27 mins

Investors’ search for diversification and inflation protection has put a spotlight on infrastructure, made brighter by massive public investment programs and the accelerating transition to a digitized, decarbonized economy.

Infrastructure investing in the new economic paradigm

April 2023 | 10 mins

The prospect of enduring inflation, anemic global growth and heightened market volatility in 2023 and beyond amplify the importance of a dedicated listed infrastructure allocation.

Institutional Investor: Competition Is Fierce for Private Infrastructure Deals. Here’s An Alternative

February 2023 | 1 min

Portfolio Manager Tyler Rosenlicht spoke with Institutional Investor for a feature story on our recent infrastructure thought leadership and why listed infrastructure can be an attractive alternative or complement to private infrastructure in a portfolio.

What the energy transition means for infrastructure investing

January 2023 | 18 mins

The energy transition is providing numerous infrastructure opportunities as the world moves from hydrocarbons to renewable energy. With that said, challenges do exist, which points to the fact that renewables and conventional energy will need to work hand-in-hand on the road to Net Zero.

Inflation Reduction Act is a net positive for listed infrastructure

August 2022 | 3 mins

The Inflation Reduction Act of 2022 (IRA) addresses three key areas: climate issues, corporate taxes, and healthcare.

A portfolio managers perspective Opportunities in listed infrastructure

A portfolio manager’s perspective: Opportunities in listed infrastructure

July 2022 | 6 mins

Quynh Dang, Global Infrastructure Portfolio Manager, discusses the impact of private capital finding its way to the listed infrastructure universe, the benefits of getting exposure to the renewables theme via infrastructure, and other infrastructure sectors we are watching right now.

Sign up to get our insights delivered to your inbox

Need to contact us?

We’d be happy to answer questions about our investment solutions or any corporate-related inquiries.