The following article is an excerpt from Private Infrastructure Finance and Investment in Europe,a report commissioned by the European Investment Bank. The entire report with footnotes and references is available at www.georginderst.com and the Social Science Research Network page: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2359648.

This article will discuss the role of pensions, insurance companies, sovereign wealth funds and other institutional investors in infrastructure investment. Institutional investment in infrastructure has become a much discussed topic in recent years. Governments and other institutions call for a heavier engagement of pension funds, insurance companies, etc. in infrastructure projects and long-term investing more generally