CPPIB says it's losing out on infrastructure deals: Reuters

Canada Pension Plan Investment Board (CPPIB), one of the world's biggest infrastructure investors, is regularly losing out in bidding wars for such assets, as investors seek alternatives to low-yielding government bonds, Reuters reported, citing CPPIB's chief executive. CPPIB is one of the world's biggest investors in infrastructure such as roads, bridges and tunnels but its CEO Mark Machin said high valuations were making it harder to do deals in the current environment. "We are consistently outbid for assets around the world because they are really priced almost to perfection and there's an enormous amount of capital chasing infrastructure, particularly in developed markets," Machin said.

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