Entry prices for infrastructure assets in emerging economies are returning to much more “conventional and appropriate levels”, while equity return expectations have held steady in the last 12 months, according to Alasdair Maclay, a director at emerging markets private equity firm Actis.
The credit crisis has reversed a trend in rising asset prices that was in part caused by more investors, particularly US and European funds, looking to emerging markets for higher returns, he told delegates gathered at this week at PEI's Infrastructure Investor Forum in Berlin.
