Aberdeen launches fifth infrastructure fund

Aberdeen Asset Management has launched its fifth infrastructure fund, seeded by a range of Asian institutional investors. The launch brings its total investor commitments to infrastructure, across all platforms, to $2.3 billion.

The fund will invest in social and economic infrastructure projects backed by long-term government contracts, which provide stable cash flows, partially linked to inflation. The projects cover health, education, social housing, roads, bridges, rail and waste management sectors. The fund is biased towards greenfield projects and regions with political stability, and transparency over government infrastructure procurement. Aberdeen said that Australia is a very active market for public-private partnership investors, and activity in the USA is increasing. The manager already invests in over 90 infrastructure projects globally.