While to date there has been only limited penetration of infrastructure opportunities into the retail market, there are examples where this approach appears to have been successful. We have summarized a handful of examples (Table 1) to give some background to the retail investment proposition and some of the benefits or issues that have arisen.
Looking across successful and unsuccessful experiences to date, some of the factors that are important to be addressed are:
∙ educating retail investors about risk,
∙ considering the financial and political environment,
∙ deciding on a single asset or a portfolio of investment opportunities,
∙ determining when to bring an issue to market, and
∙ deciding whether to take the listed or the unlisted route.