Insights

Considered commentary, published sparingly.

Aurora publishes research where we believe we have something specific and defensible to contribute. Notes reflect the views of the partnership at the date of publication and are not advice or recommendations.

Digital infrastructureFebruary 2026

Compute as regulated utility: what changes when sovereignty enters the underwriting

Sovereign workload requirements alter tenancy risk, contract tenor and residual value in ways that conventional data-centre underwriting does not capture.

Full note available to registered investors
Energy transitionJanuary 2026

Firming is the asset: rethinking the economics of the transition

Generation is increasingly commoditised. The durable economics sit with firming, storage and grid-adjacent capability where scarcity persists.

Full note available to registered investors
Private creditDecember 2025

Covenant architecture in a higher-for-longer environment

Structural protection, not spread, determines outcomes when refinancing conditions tighten. A framework for covenant design against real assets.

Full note available to registered investors
Portfolio constructionNovember 2025

Duration matching for institutional real asset mandates

Liquidity mismatch remains the principal avoidable failure mode in private markets allocation. A practical approach to duration discipline.

Full note available to registered investors
GovernanceOctober 2025

The auditable investment decision

Why documented determination — including recorded dissent — improves both decision quality and investor confidence.

Full note available to registered investors
Critical mineralsSeptember 2025

Midstream, not mine gate: where supply-chain security is actually built

Processing capacity, not resource endowment, is the binding constraint in critical minerals supply chains.

Full note available to registered investors

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