Social Infrastructure Finance and Institutional Investors. A Global Perspective

45 Pages Posted: 18 Mar 2020 Last revised: 18 Sep 2020

Date Written: September 18, 2020

Abstract

Social infrastructure has endured a long period of neglect in most developed and emerging countries, with chronic underinvestment exposed by the coronavirus crisis 2020. The financial crisis 2007/08 led to a slow revival of economic infrastructure policies, and a growing involvement of institutional investors. In contrast, private sector investment in social infrastructure has widely fallen back over the last decade. Will the next decade see a renaissance of – public and private - social infrastructure investment?
This is the first systematic account of social infrastructure investment from an international perspective, leading to several key conclusions for policy makers and investors. The public sector will remain the dominant source for funding and financing. Nonetheless, much more private capital could flow with greater clarity on social assets, given their very diverse characteristics across sectors and projects. Several investment strategies can realistically be improved and expanded. Sustainability, impact and SDG investing open a new door for asset owners.

Keywords: social infrastructure, infrastructure investment, infrastructure finance, infrastructure policy, public-private partnerships, institutional investors, health infrastructure, infrastructure funds, sustainability investing, impact investments

JEL Classification: E22, F21, G15, G18, G2, H54, H57, H75, O16, O18, R31, R51

Suggested Citation

Inderst, Georg, Social Infrastructure Finance and Institutional Investors. A Global Perspective (September 18, 2020). Available at SSRN: https://ssrn.com/abstract=3556473 or http://dx.doi.org/10.2139/ssrn.3556473

Georg Inderst (Contact Author)

Inderst Advisory ( email )

4 Evangelist Road
GB London, NW5 1UB
United Kingdom

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