Investment allocations from institutional investors to the infrastructure asset class have risen dramatically in recent years, as bellwether American investors such as the California Public Employees’ Retirement System, California State Teachers’ Retirement System and Teachers Retirement System of Texas, among others, have joined their peers in Canada, Europe, Australia and Asia who have been investing in the asset class for several decades now.

The market is still struggling to come up with the right vehicle structures and pricing regimes to make it easier to attract more investors around the globe to the asset class. It is also struggling to come up with a benchmark, although the good news is