Bitsch, Florian; Buchner, Axel; Kaserer, Christoph - In: EIB Papers 15 (2010) 1, pp. 106-136
We analyze the risk, return and cash flow characteristics of infrastructure investments by using a unique dataset of deals done by private equity-like investment funds. We show that infrastructure deals have a performance that is higher than that of noninfrastructure deals, despite lower default...