GLOBAL - Pension funds make up the highest proportion of investors in unlisted infrastructure funds, a study by Private Equity Intelligence (Preqin) has shown.
Tim Friedman, head of publications and marketing, Preqin, told Global Pensions: "We saw such big interest by pension schemes, because infrastructure funds are a source of steady high income for those investors, with low risk.
"They also represent a hedge towards inflation and changes in the global economy.
"The infrastructure industry is very big in Australia - with Macquarie being the largest infrastructure manager in the world. A lot of interest on infrastructure comes from the superannuation funds, most of which are based in Australia and New Zealand."
As for the rest of the world, Friedman said both Europe and North America represented large investors in terms of capital committed.
He said: "More funds are raised focusing on specific regions of the US and that will have an impact, as several pension funds will look at infrastructure funds investing in projects that will provide economic stimulation to their own region."
The survey found 47% of the investors surveyed had a separate infrastructure allocation, while 43% invested as part of their private equity allocation and 10% as part of their real assets allocation.
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