From our perspective, infrastructure is an extensive, and often unfortunately underappreciated, broad asset class with considerable underlying debates along with opportunities. In our view, the underappreciation largely arises from the rather ubiquitous nature of the asset class. Such ubiquity results in many parts of the asset class being taken for granted and “just” being viewed as a “public good” in classic economic terms.

With that background, we start with the conclusion of this article: In our view, there is a clear case for some form of standardized and likely simplified investment vehicle dedicated to infrastructure investments.

We believe a dedicated infrastructure investment vehicle — for the purposes of this article broadly defined as an infrastructure investment trust (IIT) — would help support a bridging of the existing and growing considerable funding gap for infrastructure assets. Arguably, the more eclectic and broad-based nature of infrastr