Asset management firms like BlackRock Inc. and Allianz Global Investors are introducing global infrastructure debt investments in Europe and the U.S. may be a logical next step. An Allianz spokesperson said that as infrastructure deals resulting from public/private partnerships become more common in the U.S. they may become an attractive market for asset managers. Meantime, BlackRock is eyeing transportation and social infrastructure projects in northern and western Europe. A spokesperson from Los Angeles-based TCW, an LA-based asset manager, said that it makes sense that asset managers are looking to expand their presence in infrastructure debt since yields from most fixed income securities "are starting to hit a wall . . . the conditions in the capital markets and the Fed's policies are driving capital into a global search for yield."

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