This document discusses several legal issues related to infrastructure investment by public and private sector pension schemes. It addresses investment powers, structural vehicle options, fiduciary duties, counterparty risk, termination rights, and lessons learned from prior infrastructure investment funds. Specifically, it analyzes the constraints of the Limited Partnership Act 1907, the need to establish contractual investor rights early, and performing thorough due diligence on potential investments and investee entities. The optimal approach may be working to create new investment vehicles with more investor-friendly terms.