
WANT to buy a bridge, or at least invest in a company that builds one? (No, that bridge is still not for sale.)
As they search for better returns, more investors are discovering that the road to riches could lie in the vast global infrastructure: an assortment of companies that build or manage highways and tunnels, water and waste systems, parking garages, airports and other properties. These rather obscure investments offer predictable cash flow, largely impervious to economic and market fluctuations.
Big institutions like pension funds are putting money into private funds and looking into direct investments in projects. But even individual investors are finding a number of options, many of them fairly new, through private equity funds, separately managed accounts and limited partnerships, along with exchange-traded and mutual funds......