Christopher O’Dea explores the role of size and the lack of liquidity in infrastructure investing, drawing from EDHECinfra results:

“There’s plenty of infrastructure the mega-funds could buy, but the difficulty is that these 6,000 companies are not up for sale all the time, and most of the time they are not.” In fact, an EDHECinfra study found that, on average, private infrastructure companies trade only once in a secondary-market transaction during a 25 to 35-year life.

Read the article here.