Halo assets: where real estate discipline meets energy, waste and logistics

We use the term halo assets for infrastructure that sits beside real estate and behaves like its most durable form: essential, hard to replicate, and paid for under long-term contracts. Our platform concentrates on three sectors that fit that description. The reason is in the demand data.

Energy

The U.S. Energy Information Administration expects electricity generation to grow 2.2% in 2026 to a record 4,368 billion kilowatt-hours, with a further 1.7% in 2027. It names data center development and increased manufacturing activity as the drivers of commercial and industrial demand.

Storage is being built to meet it. Operators added 8.3 gigawatts of utility-scale battery capacity in the first half of 2026, bringing the national total to nearly 52 gigawatts, and planned another 14 gigawatts before year-end. Capacity has grown at an average of about 70% a year for three years.

For an investor, the point is simple. This is the most sustained growth in power demand in many years, and the generation, transmission and storage that serve it are financed against contracted revenue.

Waste

Waste and environmental services is a quieter story with the same structure. Truist's third-quarter industry review notes that pricing continues to run above inflation, that regional tipping fees track local landfill capacity, and that landfill scarcity is supporting consolidation. Waste Dive has tracked more than 100 mergers and acquisitions in the sector this year through October.

Permitted capacity cannot be created quickly. That scarcity is the asset.

Logistics

CBRE reports that U.S. industrial vacancy fell to 6.4% in the third quarter. Net absorption reached 104.6 million square feet, the highest quarterly total since the fourth quarter of 2022. Average asking rents rose 3.6% from a year earlier to $11.16 per square foot, and 278 million square feet is under construction.

Demand has caught up with the supply delivered over the last three years. The facilities and networks that move goods are again being leased faster than they are being built.

How we invest

HWG Alternative Investments takes Co-GP and control equity positions in these sectors, in direct assets and at the platform level, across North America and EMEA. We bring the same underwriting discipline we apply to commercial real estate credit: entry price, contracted cash flow, downside coverage and governance. Board participation is a condition of every investment.

This article is for general information only. It is not investment, legal or tax advice, and it is not an offer to lend, an offer to sell or a solicitation to buy any security. Past transactions and past performance are not indicative of future results.