The average time for infrastructure private equity funds to be on offer from start to finish began falling in 2012, reaching a low of 15.6 months in 2015. That year, the trimmed mean, which drops the top and bottom 5 percent, was even lower at 14.1 months, with the median coming in at a remarkable 12.0 months. 2016 saw this trend reverse, and we began wondering if we were seeing the beginning of a new trend, where closing times were increasing.

Infrastructure investment and spending in the United States as well as the state of its roads, bridges and more has been a perennial topic for more than a decade, but without the results many have hoped for. On Tuesday, Jan. 30, in his State of the Union address, President Trump outlined plans for an infrastructure program to address many of these problems by using private capital and streamlining the regulatory process.

In the past year, valuations of listed shares have been breaking records across most sectors, and it’s feeling like some other bull markets that go nowhere but up, until they don’t. All that seemingly ended with a severe decline in early February and now the market’s trajectory is anyone’s guess.