If there's one corner of Wall Street that's benefiting from recent legislation and higher inflation, it's infrastructure.

So where are the potential opportunities and risks?

Even though infrastructure as an asset class has not been in the headlines as much as other asset classes such as private equity.

The reality is that it has provided really stable and inflation adjusted returns, especially in the past couple of years.

I'm Allison Nathan and this is Goldman Sachs exchanges. When most of us think of

of us think of infrastructure, we think about toll roads, bridges, and

tunnels.

But is that definition still appropriate? To help break down the opportunities

and outlook for the sector, I'm sitting down with Teresa Matamoros, a managing

director in infrastructure investing within Goldman Sachs Asset Management.

Teresa, welcome to the program. Thanks for having me. investing within Goldman Sachs asset management.

Teresa, welcome to the program.

Thanks for having me, Allison.

Very happy to be here.

So, Teresa, as I just said in the intro,

when I think of infrastructure, when I think most people think of infrastructure, they're thinking about tollways,

they're thinking about bridges, tunnels, that kind of thing. But has the definition of infrastructure evolved? How would you define it today?

And I think you're absolutely right. I think when people think about infrastructure,

they think about stealing concrete. So just like you said, toll, bridges, airports and things of that nature.

And in reality that's how infrastructure investors thought about it initially.

The fact is that the definition of infrastructure has been evolving over time.

And there's a couple of reasons why that has happened.

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