Pathways

About Pathways

Conversations and innovative insights about real assets, private markets and macroeconomics, intended for global institutional investors. Brought to you by Macquarie Asset Management (MAM), the asset management division of Macquarie Group Limited. This material is for information purposes only and should not be construed as, an advertisement, an invitation, an offer, a solicitation of an offer or a recommendation to participate in any investment strategy or take any other action, including to buy or sell any product or security or offer any banking or financial service or facility in any jurisdiction where it would be unlawful to do so. The views expressed are as of the date of publication and are subject to change. All third-party marks cited are the property of their respective owners. All audio, artwork, episode descriptions and notes are the property of MAM, for Pathways, and published with permission by Buzzsprout. ©2025 Macquarie Group Limited [4356838]

Publisher

Macquarie Asset Management

Category

business

Language

en

Explicit

No

First episode

6 Oct 2021

Latest episode

28 Sept 2026

Latest episodes

37 episodes in the feed.

1. 

   28 Sept 2026

   Second(aries) to none: The springboard for private markets

   Private capital secondaries have gone from a niche liquidity tool to an asset class in their own right — and within secondaries, infrastructure is the fastest-growing corner of the market. In this episode of Pathways, Daniel McCormack, Macquarie Asset Management's Head of Research, is joined by Wandy Hoh, who co-authored the team's paper on infrastructure secondaries, to unpack why. Wandy breaks down the numbers behind the boom — a record year for secondaries volume, an infrastructure sub-sec...

2. 

   31 Aug 2026

   Power struggle: Why the grid can’t keep up

   For decades, the grid was the most boring, unseen part of the energy conversation — until now. In this episode of Pathways, Daniel McCormack, Head of Research at Macquarie Asset Management, is joined by Audrey Lee, Research Analyst and author of the paper Grid Capex in the Age of Renewables and AI, to discuss why the electricity grid has become the binding constraint on the energy transition, the AI buildout, and industrial growth. They cover the $5.9 trillion investment gap and how it plays ...

3. 

   28 Jul 2026

   How attractive are private infrastructure valuations right now?

   In this episode of Pathways, Daniel McCormack is joined by Aizhan Meldebek, Macquarie Asset Management’s Global Infrastructure Strategist, to unpack the findings from her updated research on private infrastructure valuation multiples. Drawing on a proprietary dataset of over 1,300 real transactions going back to 2008, they explore why infrastructure multiples have largely normalised — and now sit at a rare discount to listed equities. The conversation covers how inflation and interest rates a...

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

YouTube views

23,743,256

Score snapshot 15 Sept 2025

Apple Podcasts (US)

5.0 / 5

1 ratings

Spotify

5.0 / 5

4 ratings

Podcast Authority Score: 28 / 100

A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.

Quality

9

Social presence

0

YouTube

93

Engagement

27

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