We outlined in some of our earlier articles how infrastructure is currently funded. To recap, this is normally done, if through the private sector, via strategic investor/operators together with large institutional investors, whether they are infrastructure funds, with institutions as limited partners “LPs” or pension funds and other institutions making direct investments into single assets. Critically, each infrastructure asset is likely to come with significant capital cost, requiring a large cheque for the investor and a willingness to hold the asset with limited or no liquidity for several years or more.