@article{Chicker:207723,
      recid = {207723},
      author = {Chicker, Gauri and Garvin, Michael J.},
      title = {Private equity: growing investment vehicle in  infrastructure},
      address = {2009-03},
      number = {1429-2016-118654},
      pages = {11},
      year = {2009},
      abstract = {A demand for infrastructure development concurrent with  federal deficits and budget shortfalls faced by the  government has encouraged private participation in  infrastructure projects. This has caused infrastructure  funds to evolve. Infrastructure funds allow investors to  gain access to the underlying characteristics of the  portfolio of infrastructure assets. These funds have seen a  growth in investment through unlisted and listed equity and  are attracting investors because of their stable, long-term  nature and relatively strong yields. Pension funds have  also invested in the infrastructure sector for portfolio  diversification and risk mitigation. The investors can not  only reduce risk by investing in a portfolio of  infrastructure entities with a negative or relatively low  correlation between them, but also by investing in the  equity market of other sectors. A low correlation between  infrastructure and other sectors has enticed the  risk-averse managers to invest in infrastructure funds.  This paper discusses various cash inflow channels that  support infrastructure growth and the reasons for the  exponential growth in infrastructure funds. Various  barriers and regulations that discourage investment in  infrastructure assets are also highlighted.},
      url = {http://ageconsearch.umn.edu/record/207723},
      doi = {https://doi.org/10.22004/ag.econ.207723},
}