In infrastructure investing, the two dominant markets in terms of the size of the investable space are Europe and the United States. Both markets are, of course, large; consist of many national- or state-level jurisdictions; and are not homogenous. However, neither market is large enough to provide an adequate level of diversification alone.

There are significant differences at the sector level as well, with the United States currently leading the world in digital infrastructure investments, while Europe is the leader in institutional investors’ involvement in transportation. Having exposure to both markets improves diversification and should provide better stability in the long term, which is an essential part of the attractiveness of infrastructure as an asset class.

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