President Obama included $5 billion in his budget for a National Infrastructure Bank. It will provide $25.2 billion through 2019. The budget document states:
Public-private partnerships will be funded by the NIB. Numerous private equity underwriters have billions ready to invest in infrastructure, using Uncle Sam's levered capital.
"The mission of this entity will be to not only provide direct federal investment but also to help foster coordination through state, municipal and private co-investment in our nation's most challenging infrastructure needs."
Public-private partnerships will be funded by the NIB. Numerous private equity underwriters have billions ready to invest in infrastructure, using Uncle Sam's levered capital.
In 2008 $34.9 billion was raised for infrastructure by 18 firms. That grew to an expected $94 billion in 2009. The Obama bank supplies the leverage for the next round of PEU profits.The Carlyle Group--$1.35 billion
Blackstone Group-$2 billion
KKR-$5 billion
Macquarie-$12.4 billion
