Infrastructure private investment firm Global Infrastructure Partners (GIP), has held the final closing of the GIP Australia Fund II (GIPA II) with aggregate committed capital of AUD4bn (£2.1bn), at the upper end of its AUD3bn to AUD4bn target range.
GIPA II has commitments from institutional investors across Australia, Asia, Europe and North America. A number of these investors also participated in the GIP Australia Fund I and account for nearly half of GIPA II’s commitments. The majority of GIPA II’s commitments, by value, are from Australian institutions.
GIPA II is a dedicated Australasia-focused open-ended fund that extends GIP’s flagship equity strategy to opportunities across the region. According to a press release, the fund seeks investment opportunities in areas that are underpinned by favourable demographic, economic and regulatory conditions coupled with a rapidly growing demand for private infrastructure investments.
The region represents one of the most active infrastructure markets globally with a high proportion of large-scale transactions. GIP currently manages investments in nine infrastructure assets in Australia.
