| Infrastructure funds could soon be benefiting from a Middle East sovereign wealth fund (SWF) client base. The region’s SWFs are growing in, and hiring in, expertise in infrastructure investment. Consequently, the jump from direct equity, where opportunities are limited, to secondary infra fund investment looks more and more certain.
Sovereign wealth funds went from being threats to the established financial order, to its saviours in the years after 2007. Now they are part of the global economy’s establishment, their assets under management swelling on the back of, until recently, persistent high oil prices. The funds have slowly and cautiously diversified out of real estate, listed equity and fixed income holdings in the last several years. Alternative assets, including private equity and infrastructure, have been comparatively recent areas of focus...............................................Full Article: Source
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