Institutional investors are increasingly looking to make direct investments in generation and gas-related infrastructure, according to panelists at Infocast’s 7th Annual Projects & Money conference in New Orleans.

“Pension funds, asset management firms and insurance companies, they have significant amounts of capital chasing yield,” noted Jonathan Cody, managing partner of Whitehall & Co., which sealed a $3 billion project finance debt funding vehicle with participation from AIGNorthwestern Mutual Life and TIAA-CREF in October. More recently, Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board agreed to jointly acquire stakes in a $2 billion portfolio of renewable and water infrastructure assets from Banco Santander last month.

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