Institutional Investing in Infrastructure

January 1, 2016: Vol. 9, Number 1

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Infrastructure

Getting it right: Investors and investment managers comb through the fine details

Negotiating. Haggling. Wrangling. Bargaining.

Whatever you call it, LPs and GPs spend an awful lot of time revising and tweaking the investment terms for funds that come wrapped in a lawyer-approved offering document. While managers would like to present these documents as a fait accompli, in reality, nearly every term listed in the document can be — and often is — negotiable.

Infrastructure

Let it snow: U.S. toll road outlook turns positive

Usually snow is not something toll road operators welcome — it keeps people off the roads. But in Colorado, the rules about snow and roads are a little different. The state is one of a handful in the United States that is increasingly turning to private investment to help deliver and maintain infrastructure, including toll roads and lanes. It also happens to be the state I call home. 

Infrastructure

Infrastructure debt funds struggle to close: Only 7 percent of closed infrastructure funds focused on debt strategies

The theme running through all infrastructure investment is the tremendous need. In 2013, the McKinsey Global Institute estimated $57 trillion in infrastructure investment would be required between 2013 and 2030 just to keep up with global GDP growth. That $57 trillion projection was more than the estimated value of the entire worldwide infrastructure stock at the time. 

Infrastructure

LatAm Infrastructure Outlook: There are projects galore, as well as reforms to promote private investment

While infrastructure spending has increased in recent years in Latin Americans countries that have established mechanisms to attract resources and the expertise of the private sector — such as Brazil, Mexico, Colombia, Peru and Chile — there are still significant shortfalls. According to a report by Business News Americas, public investment is key, but even more so is the success of the institutional reforms being undertaken by some governments to perfect public-private partnership (P3) models. In Latin America, projects increasingly depend on private investment and operations.

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