AFX News Limited

MILAN (AFX) - The president of Italy's private equity and venture capital association (AIFI) Giampio Bracchi said his members are considering expanding into infrastructure investment, adding that this will require stable regulation and taxes.

In an interview with AFX News, Bracchi also said he is favourable to some of the measures in Italy's 2007 budget, announced late Friday, while others could penalise pension fund investment in private equity.

'We are looking to organise funds for infrastructure. But the problem is that infrastructure funds are long-term, more than 10 years, up to 15 or 20, with lower rates of return,' he said.

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Posted by pichu at October 3, 2006 4:15 PM