This is a fascinating article by Andrew Ross Sorkin of the New York Times that suggests that one outcome of the current US credit crisis (and out national deficits) will be that the major private equity firms begin to invest heavily in US infrastructure. The idea of the private sector owning major infrastructure is not entirely new to the US, but has been much more prevalent in the UK (in terms of so called public-private partnerships which were introduced by Thatcher in the early 1980s) and more recently in the rest of Europe. I have some experience structuring these deals in Europe, and believe that while this will not be politically expedient in the US, we may head very quickly in this direction no matter who is elected president. I am particularly interested in the thoughts of others on this topic.

 

Submitted: Aug 27, 2008    Views: 55    Comments: 0    Likes: 1   


View Article: http://dealbook.blogs.nytimes.com/2008/08/27/money-squeeze-prompts-...



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