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Despite political upheaval and meagre growth, managers are finding plenty of opportunities in Europe’s energy transition and digitisation. And, crucially, they are finding them without a government-fuelled pipeline.

Driven by a market that has regained its liquidity and a strong need for investment in infrastructure, both new and old, the infrastructure sector is not short of opportunities.

Infrastructure has always been about long-term certainty, but changes in everything from regulation to technology are pushing investors to embrace flexibility