The Risks and Rewards of Private Equity in Infrastructure

Public Works Management & Policy

Volumn 13, Issue 2, 2008, Pages 100-113

  Page, Sasha N ^a   Fetterman, Robert ^a   Ankner, William ^b   Jones, Cheryl ^c  

^a Infrastructure Management Group Inc   (United States)

^b Louisiana Department of Transportation and Development   (United States)

^c U S DEPARTMENT OF TRANSPORTATION   (United States)

Author keywords

infrastructure finance; infrastructure funding; infrastructure funds; private equity; private funding of infrastructure; public private partnerships

Indexed keywords

EID: 77950741240     PISSN: 1087724X     EISSN: None     Source Type: Journal    
DOI: 10.1177/1087724X08326311     Document Type: Article

References (19)

1. American Heritage Dictionary Online (4th ed.). (2000). Retrieved September 19, 2008, from http://education.yahoo.com/reference/dictionary/entry/equity;_ylt=ApXgELp.Dks5nLedcXZIxyisgMMF
2. Calpers. (2007, September 10). Agenda item: 4b. Retrieved from www.calpers.ca.gov/eip-docs/about/board-cal-agenda/agendas/invest/200709/item04b-00.pdf
3. Calpers. (2008, May 12). California public employees' retirement system statement of investment policy for asset allocation strategy. Retrieved May 20, 2008, from www.calpers.ca.gov/index.jsp?bc=/investments/assets/equities/aim/programoverview.xml
4. CalSTRS. (2008, September 19). Asset allocation for the period ended August 31, 2008. Retrieved September 19, 2008, from www.calstrs.com/Investments/Invport.asp
5. Clinton seeks gas tax vote; Obama calls it “shell” game. (2008, May 3). New York Times.
6. Debevoise & Plimpton LLP (2002, January). Private equity funds: Key business, legal and tax issues.
7. Estache, A., & de Rus, G. (2000). Privatization and regulation of transport infrastructure: Guidelines for policymakers and regulators. Washington, DC: World Bank.
8. Gomez-Ibanez, J.A. (2003). Regulating infrastructure: Monopoly, contracts and discretion. Cambridge, MA: Harvard University Press.
9. Guasch, J.L. (2004). Granting and renegotiating infrastructure concessions: Doing it right. Washington, DC: World Bank.
10. Mayer, J. (2007). Private returns, public concerns: Addressing private-sector returns in public-private highway toll concessions. Finance, Congestion Pricing, Economics, and Economic Development 2007, Transportation Research Record, Journal of the Transportation Research Board, 1996, 14.
11. Morningstar / Ibbotson Associates. (2007). Cost of capital yearbook. Chicago.
12. Motor vehicle travel in America falls for the sixth straight month. (2008). American Association of State Highway and Transportation Officials (AASHTO) Journal, 108(25), 6.
13. National Surface Transportation Policy and Revenue Study Commission: Transportation for Tomorrow. (2007a, December). Projections of highway and transit account balances through 2012. Washington, DC: National Surface Transportation Policy and Revenue Study Commission.
14. National Surface Transportation Policy and Revenue Study Commission: Transportation for Tomorrow. (2007b, December). Summary of range of “high” average annual capital investment levels analyzed for all modes. Washington, DC: National Surface Transportation Policy and Revenue Study Commission.
15. Palter, R., Walder, J., & Westlake, S. (2008, February). How investors can get more out of infrastructure. The McKinsey Quarterly, p. 1.
16. Patel, J. (2007). The secondary market in private perspective. Deutsche Bank RREEF Research. Retrieved from www.rreef.com/GLO_en/bin/Secondary_PE_Market_in_Perspective_12-07.pdf
17. Probitas Partners. (2007, September). Investing in infrastructure funds. Retrieved from www.probitaspartners.com
18. Sen. Hutchison opposes increase in federal gas tax, tolling of existing lanes proposed in federal government report [Press release]. (2008, April 22). Retrieved from www.hutchison.senate.gov/pr042308a.html
19. Yasuda, A., & Metrick, A. (2007). The economics of private equity funds. Swedish Institute for Financial Research Conference on the Economics of the Private Equity Market. Retrieved from http://ssrn.com/abstract=996334