Bridging the Gaps: Public Pension Funds and Infrastructure Finance
— July 22, 2019
By Ingo Walter and Clive Lipshitz
This book begins with an analysis of the $4.3 trillion U.S. public pension system, drawing on a primary dataset comprising thousands of observations drawn from a decade of annual reports of the 25 largest American public pension systems – which together comprise about 55% of all public pension assets in the country. It then links sustainable pension finance to investments in real assets, specifically infrastructure projects.
Bridging the Gaps is intended to provide greater transparency to the complex public finance challenges that mark these issues. Those with an interest in the public pension system will learn much from the discussion of these complex organizations - so critical to sustainability of retirement benefits. Asset managers and other advisors, who sell to these investors, will benefit from an empathic approach to understanding the needs of their most important clients. The book concludes with a range of ideas that can be explored by responsible public officials and policymakers as well as infrastructure agencies and their advisors.
The ultimate objective is to help in the search for solutions to the persistent gaps facing America’s public pension system and at the same time unlocking capital to reduce America’s persistent infrastructure problems - creating winners on both ends of the financial chain.