Infrastructure is attracting capital from investors around the world, drawn by its ability to deliver returns across the cycle. This capital flow is creating opportunities to invest in an increasingly diverse opportunity set, both with respect to sectors and geographies. We believe the European infrastructure market continues to present an attractive exposure for investors, even when compared with markets offering attractive financial incentives, such as those available under the Inflation Reduction Act (IRA) in the United States. Europe, as a region for infrastructure investment, offers a range of compelling investment drivers:
Europe allows for greater geographical diversification, with each market able to pursue its own fiscal expenditure and reforms to attract private capital, while also implementing centrally agreed E.U. directives. Thus, assets in the same sector can still perform differently, depending on the specific national regime under which they operate. Europe al