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I think Macquarie would have to be up there given the firms' heavy commitment to the space generally and relations with firms Australian firms like IFM, First Sentier, AMP, etc...  Canadian banks would have solid exit ops into infra arms of pension funds and other Canada-based infra funds like Axium, Fiera, InstarAGF, and the like. In the U.S. I think it's more of a toss-up though as you see folks from Energy, P&U, Transportation focused coverage groups going to the large U.S.-based firms like GIP and mega-funds with infra arms like BX Infra Partners. I think it's hard to say which specific bank has the best exit opps for this sector because a) infra M&A can be run out of various groups within a firm based on the way they split up their coverage mandates and b) it depends on what sub-sector of infrastructure you're talking about and c) you also see PF bankers exiting to funds occasionally. Would like to hear what other folks on here think though because a fair number of U.S. banks do have dedicated infrastructure advisory groups nowadays. 

 

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