Insurers and pensions fill infrastructure lending gap: AllianzGI

The volume of debt being taken up by institutional investors has steadily grown. Insurers and pension providers are plugging the lending gap for infrastructure projects, which commercial banks have been shunning for more than a decade because of a stricter regulatory framework that discourages them from holding longer-tenor loans. “The 2008 global financial crisis significantly changed the infrastructure debt market, which previously relied on commercial banks for about 90% of private infrastructure debt,” Claus Fintzen, chief investment officer for Infrastructure Debt at Allianz...