Insurance companies, pension funds, sovereign wealth funds, endowments, foundations and family offices all have the ability to invest over inter-generational time spans. This is a unique competitive advantage in markets for long-term, illiquid assets, such as infrastructure. And yet, despite a...

Private participation in public infrastructure is expected to bring operational efficiency gains and diversified access to large pools of financial capital. However, due to the heterogeneous and politically salient nature of infrastructure, the financial performance of infrastructure is often...

As public debt rises, governments struggle to fund and finance new infrastructure. The past two decades have seen an increase in privatization of infrastructure assets and public private partnerships. However, alignment of interests between governments and private owners can be challenging. In...

In the aftermath of the global financial crisis, questions have been raised about the capacity of banks and related savings institutions to play their traditional roles in financing urban and regional development. Drawing on the theory of intermediation, this paper suggests that, over the past...