Precedents set in both Canada and the United States suggest that considerable potential lies in such asset- targeting by pension funds, individually or through collective strategies, that occasionally includes partnerships with government. Indeed, an approach that emphasizes leveraging of new private supply sources may suit the latter in municipal, provincial and federal jurisdictions in light of the strain on public finances at present.

Because of real estate’s roots in private capital markets, it is relevant to the next section of this report, Pension Barriers to Financing New Economy Investment. This section is equally relevant to questions related to infrastructure investing.