The Infrastructure sector contains a mixture of funds that invest in infrastructure assets – things like roads, rail and bridges but also logistics, schools, prisons. In many western countries the investments are public private partnerships or something similar where the investment return is determined by contracts with the government or some other public body. Many funds buy into projects only when they are completed or nearing completion but some take on the development risk themselves. The revenues can be availability based – as long as the asset is operational the investor gets a pre-determined return – or demand based – such as a road where the income is derived from tolls. Infrastructure funds can therefore be low risk, steady funds, often with predictable inflation-linked revenues or can more resemble normal companies.