NEW YORK, Oct 30 (Reuters) - AIG Investments and Highstar Capital said on Tuesday they raised a $3.5 billion infrastructure fund.

Investors are betting that cash-strapped state and city governments will sell or lease airports, toll roads and other public assets to investors with billions of dollars clamoring for stable, long-term returns.

AIG and Highstar are among several groups raising money for infrastructure investing.

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Posted by rjorr at October 30, 2007 8:58 PM