Dear Honorable Steven T. Mnuchin, US Secretary of the Treasury,
By way of introduction, I’m the Managing Director of Institutional Investing in Infrastructure (i3), an investor-focused global publication with an investor-led editorial advisory board representing more than $282 billion in infrastructure investments. My firm, Institutional Real Estate, Inc. (“IREI”), has been a trusted market intelligence resource focused on the information needs of institutional investors in real estate and infrastructure since 1987. Our editorial board of pension plans and their fund managers increasingly seek opportunities to invest in our nation’s infrastructure.
Historically, private investment into public U.S. infrastructure has been limited due to various issues, most of which stem from political risk at the local or state level. To be frank, the investment community largely views the U.S. infrastructure investment process more akin to an emerging market due to th
