Investors are increasingly interested in infrastructure as an asset class. It can provide attractive total returns, income, diversification and inflation protection. However, investor demand growth is being constrained by supply of deals. Overall, the bill should support deal flow over the medium term. It should release new investments for investors in the form of debt and equity opportunities, as well as provide capital for some of the lower-return/higher-risk groundwork needed for greater private capital investment.
How does the bill encourage the use of public-private partnerships to invest in infrastructure projects?
Public-private partnerships (P3) are one way to access equity infrastructure. In theory, they are lower on the risk spectrum than other equity structures, but that is a general statement, and every deal needs to stand on its own merits.
Historically, there have been few P3 opportunities in the United States. This is partially d
