We show that 3-Sasaki structures admit a natural description in terms of projective differential geometry. First we establish that a 3-Sasaki structure may be understood as a projective structure whose tractor connection admits a holonomy reduction, satisfying a particular non-vanishing condition, to the (possibly indefinite) unitary quaternionic group Sp(p,q)\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$${\ ext {Sp}}(p,q)$$\\end{document}. Moreover, we show that, if a holonomy reduction to Sp(p,q)\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$${\ ext {Sp}}(p,q)$$\\end{document} of the tractor connection of a projective structure does not satisfy this condition, then it decomposes the underlying manifold into a disjoint union of strata including open manifolds with (indefinite) 3-Sasaki structures and a closed separating hypersurface at infinity with respect to the 3-Sasaki metrics. It is shown that the latter hypersurface inherits a Biquard–Fefferman conformal structure, which thus (locally) fibers over a quaternionic contact structure, and which in turn compactifies the natural quaternionic Kähler quotients of the 3-Sasaki structures on the open manifolds. As an application, we describe the projective compactification of (suitably) complete, non-compact (indefinite) 3-Sasaki manifolds and recover Biquard’s notion of asymptotically hyperbolic quaternionic Kähler metrics.
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