The Financial Post reports in its Saturday edition that the Ontario Securities Commission is looking at adding a fund type that would let ordinary Canadians invest in infrastructure projects and private assets. A Bloomberg dispatch to the Post says that the OSC published a consultation paper that proposes a new investment fund category -- the Ontario Long-term Asset Fund. It would allow residents of the province to invest in assets typically available only to pension funds, professional asset managers and wealthy individuals, such as private debt and equity and private infrastructure. The move may make it easier for businesses to lower their financing costs and raise the capital necessary for growth, the paper said. Canadian investors have exposure to private markets, but often only through their pension plans. The new fund category would give them access to "a public investment fund vehicle that will require co-investment by institutional investors," the paper said. The OSC proposed that long-term funds be semi-liquid, meaning they would be redeemable at least annually, and at most monthly. Similar long-term vehicles, such as interval funds, are available in the United States, the United Kingdom and Europe.