This report contains findings from a large survey of institutional investors (large pension funds and public pension reserve funds) and their investment portfolios. The recently published 2016 edition includes data from 2011 to 2015 and provides detailed information on infrastructure investment, among other findings. It notes that infrastructure investment remains "low and slow" and represented on average only 2.9 per cent of the assets of the surveyed funds in 2015. In 2010 the average was 2.0 per cent. Regulatory constraints and a lack of suitably structured assets are often mentioned as reasons for this slow increase. The funds also highlighted the need for better business and financial models to cope with construction risk.

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