For investors looking to get their feet wet in the infrastructure pond, the lack of a clear benchmark to measure asset performance has been a stumbling block. Nonetheless, those who have taken the plunge into the infrastructure pool tend to depend on their own expectations — or those of other investors who have gone before them — to gauge their success. 

Legislation encouraging the use of public-private partnerships (P3s) to address Maryland’s growing infrastructure needs has been passed by the General Assembly and signed into law by Gov. Martin O’Malley with bipartisan support. The 2013 P3 law, based on legislation introduced by the O’Malley-Brown administration on Jan. 30, 2013, followed momentum from similar legislation that was nearly enacted last year. The 2013 P3 law takes effect on July 1, 2013.

Benjamin Abramov is Canadian head of private markets research with Aon Hewitt. Abramov was previously vice president – private investments with University of Toronto Asset Management, which manages the university’s endowment. Institutional Investing in Infrastructure senior editor Drew Campbell spoke with Abramov about the co-investment market for infrastructure investment.