During the financial crisis, many public pension funds put plans to expand (or create) allocations to infrastructure assets on hold. However, according to a new article by Institutional Investor, these large funds are now coming off the sidelines:
"There are plenty of opportunities as cash-strapped governments search for capital to build, repair and run everything from airports and power grids to bridges and waste facilities."
This new trend is showing up in the fundraising data for third party asset managers:
"Fundraising is heating up again. After a record 46 private investment funds launched globally in 2008, representing $37.3 billion, only 18 opened in 2009, which saw a mere $8.4 billion raised, according to London research firm Preqin. But the pace quickened in 2010, when $31.6 billion was raised. Today, Preqin counts 220 private partnership managers dedicated to infrastructure."
Posted by ashby at September 12, 2011 9:33 AM