Investments in infrastructure can be an attractive option for pension funds, life insurers, and other institutional investors that are being hit by the ongoing low to negative interest rate environment and are seeking investments with stable cash flows over the long term. While the market in private infrastructure investments is still relatively young in continental Europe, it already has a long tradition in the UK, Australia, and Canada, for example. In these countries, infrastructure investments already account for between 4% and 11% of pension funds’ overall allocations. Globally, according to estimates by the OECD, pension funds held 2.9% of their investments in this asset class as at end-2015. The capital is primarily invested in existing facilities within the transport and energy sectors.1