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A New Year, a New Perspective: What Infrastructure Investors and Investment Managers Can Expect in 2011
Several recent investor surveys and data show a solidly recovering fund-raising market and signs that the infrastructure sector is developing in ways that start to address some of the issues raised by investors. Other areas of the market, such as P3, have yet to deliver on expectations and continuing questions about banks’ capacity to finance transactions and projects leaves some uncertainty about how quickly capital commitments are being put to work.
“Investor confidence is slowly returning to pre-crisis levels, which is very positive for the infrastructure asset class,” says Elliot Bradbrook, a senior analyst at Preqin, an alternative asset research firm. “However, investors will be more conservative when investing in infrastructure funds in the future. Fund managers will need to work hard to attract investor commitments, and only those offering attractive terms and opportunities will