by Robert W. Poole Jr.
March 25, 2014
An infrastructure investment fund is an entity by which large investors (generally institutional investors such as insurance companies and pension funds) pool their resources and rely on experienced managers to find viable infrastructure projects to invest equity into. During 2013 investors worldwide put $33.6 billion into infrastructure investment funds, a five-year high. This section of Reason Foundation’s Annual Privatization Report 2014 analyzes major developments in the financing of surface and air transportation infrastructure. Subsections include transportation infrastructure finance overview, infrastructure investment funds in transportation infrastructure finance, the growing role of pension funds in transportation infrastructure finance, and the emergence of infrastructure debt funds in transportation finance.