{
  "version": "1.2.0",
  "chapters": [
    {
      "title": "AGM - Stonepeak - Luke Taylor - AUDIO FINAL before their final edits",
      "startTime": 0,
      "endTime": 115
    },
    {
      "title": "Welcome to the Podcast",
      "startTime": 115,
      "endTime": 124
    },
    {
      "title": "Introduction to Luke Taylor and Stone Peak",
      "startTime": 124,
      "endTime": 163
    },
    {
      "title": "Luke Taylor's Background",
      "startTime": 163,
      "endTime": 269
    },
    {
      "title": "Early Days at Macquarie",
      "startTime": 269,
      "endTime": 448
    },
    {
      "title": "Transition to Stone Peak",
      "startTime": 448,
      "endTime": 610
    },
    {
      "title": "Value Creation in Infrastructure",
      "startTime": 610,
      "endTime": 662
    },
    {
      "title": "Operational Intensity in Infrastructure",
      "startTime": 662,
      "endTime": 717
    },
    {
      "title": "Mindset of an Infrastructure Investor",
      "startTime": 717,
      "endTime": 785
    },
    {
      "title": "Balancing Long-Term and Agile Thinking",
      "startTime": 785,
      "endTime": 940
    },
    {
      "title": "Underwriting and Risk Management",
      "startTime": 940,
      "endTime": 968
    },
    {
      "title": "High Barriers to Entry and Pricing Power",
      "startTime": 968,
      "endTime": 1078
    },
    {
      "title": "Driving Value Through Operational Efficiency",
      "startTime": 1078,
      "endTime": 1216
    },
    {
      "title": "Network Effects in Infrastructure",
      "startTime": 1216,
      "endTime": 1391
    },
    {
      "title": "Infrastructure as a Defensive Investment",
      "startTime": 1391,
      "endTime": 1522
    },
    {
      "title": "Inflation and Infrastructure Performance",
      "startTime": 1522,
      "endTime": 1571
    },
    {
      "title": "Portfolio Construction and Infrastructure",
      "startTime": 1571,
      "endTime": 1596
    },
    {
      "title": "Private Infrastructure vs. Other Investments",
      "startTime": 1596,
      "endTime": 1646
    },
    {
      "title": "Productizing Infrastructure Investments",
      "startTime": 1646,
      "endTime": 1664
    },
    {
      "title": "Equity, Credit, and Real Estate Strategies",
      "startTime": 1664,
      "endTime": 1715
    },
    {
      "title": "Rail Network Investment",
      "startTime": 1715,
      "endTime": 1739
    },
    {
      "title": "Challenges in Rail Sector Transactions",
      "startTime": 1739,
      "endTime": 1745
    },
    {
      "title": "Real Estate and Rail Network Synergies",
      "startTime": 1745,
      "endTime": 1761
    },
    {
      "title": "Thematic vs Opportunistic Investing",
      "startTime": 1761,
      "endTime": 1791
    },
    {
      "title": "Early Investment in Data Centers",
      "startTime": 1791,
      "endTime": 1848
    },
    {
      "title": "Identifying Infrastructure with Pricing Power",
      "startTime": 1848,
      "endTime": 1890
    },
    {
      "title": "AI Boom and Data Centers",
      "startTime": 1890,
      "endTime": 1922
    },
    {
      "title": "Carrier Hotels as Digital Toll Roads",
      "startTime": 1922,
      "endTime": 1992
    },
    {
      "title": "AI Investment Strategies",
      "startTime": 1992,
      "endTime": 2130
    },
    {
      "title": "Downside Protection in AI Investments",
      "startTime": 2130,
      "endTime": 2207
    },
    {
      "title": "Capital Flow in Infrastructure",
      "startTime": 2207,
      "endTime": 2318
    },
    {
      "title": "Scaling Stone Peak's Infrastructure Investments",
      "startTime": 2318,
      "endTime": 2356
    },
    {
      "title": "Diversification in Infrastructure",
      "startTime": 2356,
      "endTime": 2414
    },
    {
      "title": "Competition and Market Structure",
      "startTime": 2414,
      "endTime": 2505
    },
    {
      "title": "Developing an Edge in Origination",
      "startTime": 2505,
      "endTime": 2545
    },
    {
      "title": "Structural Elements in Deal Sourcing",
      "startTime": 2545,
      "endTime": 2592
    },
    {
      "title": "Increasing Competition in Infrastructure",
      "startTime": 2592,
      "endTime": 2618
    },
    {
      "title": "Building New Infrastructure Assets",
      "startTime": 2618,
      "endTime": 2632
    },
    {
      "title": "Exits and Evergreen Funds",
      "startTime": 2632,
      "endTime": 2778
    },
    {
      "title": "Stone Peak's Wealth Business",
      "startTime": 2778,
      "endTime": 3076
    },
    {
      "title": "Challenges in Starting a Wealth Business",
      "startTime": 3076,
      "endTime": 3154
    },
    {
      "title": "Deal Flow and Evergreen Structures",
      "startTime": 3154,
      "endTime": 3228
    },
    {
      "title": "Volatile Markets and Deal Flow",
      "startTime": 3228,
      "endTime": 3253
    },
    {
      "title": "Risks in Infrastructure Investing",
      "startTime": 3253,
      "endTime": 3316
    },
    {
      "title": "Future Opportunities in Infrastructure",
      "startTime": 3316,
      "endTime": 3341
    },
    {
      "title": "Evolution of Infrastructure as an Asset Class",
      "startTime": 3341,
      "endTime": 3482
    },
    {
      "title": "Network Effects in Infrastructure Investing",
      "startTime": 3482,
      "endTime": 3531
    }
  ]
}