Our View is that the Market For Private Infrastructure Financing is Disruptively Shifting
The Market Is Large and Mature
The $3.8 trillion infrastructure market in the United States is the largest and best developed infrastructure market in the world.
Private Financing is Relatively New
Private infrastructure financing was rare in the U.S. market before the tech bubble of 2001 to 2003 and the recession that followed. These events caused state and local governments in the U.S. to consider privatizing infrastructure projects rather that funding them on government balance sheets.
6% of U.S infrastructure projects are greater than $100 million in size, yet most private infrastructure funds focus only on these transactions.
GIAM focuses on infrastructure projects that are $50 million and lower in project cost, which represent approximately 90% of the market.