Interest from investors in the infrastructure asset class continues to increase in 2015 as people further recognize the role that infrastructure can play in a well-diversified portfolio. The low interest rate environment has investors looking increasingly at these assets to deliver yield that is not delivered through fixed income portfolios.
We are noticing that interest has risen sharply in sectors such as midstream energy and long-term contracted power assets and that there is increased competition to purchase these projects. Kensington has been successful in deploying capital by using our strong relationships and sourcing capabilities as shown through the full deployment of the Kensington Power Income Fund I. We continue to build the pipeline of projects and in 2015 we will be focusing more on projects where we will be able to generate returns by using our expertise in mitigating business risks and driving operational improvements.