Stephan Feilhauer is a Managing Director at Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group. Stephan leads Macquarie Capital's growth equity investment, or investments on the firm's own balance sheet, in the Infratech sector. Before Macquarie Capital, Stephan was a VP at Deutsche Bank, a Graduate Researcher at MIT, a Financial Economist at The World Bank, and a Financial Analyst at Goldman Sachs. Stephan holds a Bachelors of Engineering in Business Finance from University College London and the London School of Economics and a Masters in Engineering and Economics from MIT.

In this episode we speak about principle investing and the differences between investing on a firm's balance sheet compared to other forms of VC funds. We get into investing in infrastructure and energy technology startups, the process, the decision criteria, the investment instruments and much more. Stephan also shares big trends he's seeing across the infrastructure tech industry, like responsible investing and growth opportunities in emerging markets.