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GIP Australia Fund II holds AUD4bn final closing

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.

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