Blog
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Crowd-financing for P3s – How does it work?
Following up on a paper written by Morteza Farajian with the VDOT P3 office, he and I co-authored a paper that introduces an implication framework for the P3 crowd-financing model. This paper highlights similarities between crowd-financing models being implemented in the real estate industry and applications to P3s, and then describes the current regulatory framework…
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Investors Finally Tap Into the US Water Market
Institutional investors are realizing the massive investmetn opportuntieis in U.S. water infrastructure; you should too. InfraShares helps you invest in opportunities previously only available to large institutional investors. Investing in water infrastrucutre provides exposure to assets that are uncorrelated with the stock market, inflation hedged, and provide an essential service with long-term stable returns 1-2%…
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Making the most of a wealth of infrastructure finance
Another great article from McKinsey on ways for public agencies and private investors to help facilitate private investment in public infrastructure. “It’s common today to hear that too much capital is chasing too few infrastructure assets. But the problem is not a lack of worthy projects; it’s a lack of expertise and, perhaps, daring. Investment…
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A hidden roadblock in public-infrastructure projects
A great article from McKinsey on the, often false, assumption that the public cost of capital is lower than private capital. Because the costs of public equity (taxes, grants, opprtunity costs, etc.) are not included with the cost of public debt when comparing to private investment, many P3s are not considered. Read More
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The Growing Evidence That P3s Are Delivering Value
Faced with constrained resources, government officials continue to turn to public-private partnerships (P3s) for various reasons, including maximizing capital resources, transferring risk, accelerating project delivery, achieving cost savings and enhancing accountability. This is particularly true for capital-intensive, highly complex infrastructure projects. But what evidence exists from projects that have been completed or are under construction…
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Build Your Portfolio With Infrastructure Investments
Investment in infrastructure provides many benefits including high returns, stability of returns, portfolio diversification, and inflation hedging. Currently, there are four main avenues for investment in infrastructure: Listed shares, listed funds, unlisted securities, and un-listed funds. While listed securities are the most accessible for all investors, there are very few infrastructure assets large enough to…
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The trillion-dollar gap
Investment in infrastructure provides many benefits including high returns, stability of returns, portfolio diversification, and inflation hedging. Currently, there are four main avenues for investment in infrastructure: Listed shares, listed funds, unlisted securities, and un-listed funds. While listed securities are the most accessible for all investors, there are very few infrastructure assets large enough to…
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Expanding the Market for Infrastructure Public-Private Partnerships
PUBLIC-PRIVATE INFRASTRUCTURE INVESTMENT CAN SPUR ECONOMY, SAYS TREASURY DEPARTMENT Read More
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Entrepreneurs Hope To Bring Crowdfunding To P3 Projects
Great article in ENR about InfraShares and the benefits of crowdfunding for P3’s. If you can’t access ENR, here are the high points: “Morteza Farajian, program manager with the Virginia Office of Public-Private Partnerships, last year led the writing of an academic paper on crowdfunding and P3s as part of his graduate thesis. The paper,…
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The SEC Finally Approves Regulation A+ Allowing for True Equity Crowdfunding
The SEC finally approved Regulation A+ which allows for P3 SPV’s to raise up to $50 million from accredited and unaccredited investors. This new regulation opens the door for P3 developers to raise capital from any investor in the community served by a P3 project. Now, all investors have an opportunity to participate in P3…
