Global Infrastructure Partners, an independent fund manager backed by Credit Suisse and General Electric that invests in infrastructure assets worldwide, has completed fundraising for its
Global Infrastructure Partners, an independent fund manager backed by Credit Suisse and General Electric that invests in infrastructure assets worldwide, has completed fundraising for its first fund with total commitments of USD5.64bn.
The firm, which invests in and operates energy, transport and water and waste infrastructure assets, is an investor in London City Airport, as well as port assets in the UK and Argentina, and a liquid petroleum product storage facility in India.
As part of a take-private transaction, Global Infrastructure Partners recently completed the acquisition of a substantial stake in Biffa, a UK integrated waste management infrastructure business.
‘We are pleased that investors have delivered such an overwhelming vote of confidence in GIP’s strategy of applying our industry knowledge, along with our financial and operational expertise, to enhance the performance of infrastructure assets for all stakeholders,’ says chairman and managing partner Adebayo Ogunlesi.
‘In these times of extreme market volatility and ever more cautious investment strategies, the size and diversity of GIP’s investor commitment is particularly notable. The USD5.64bn raised not only provides a well-capitalised platform on which to expand our portfolio, it affirms the market’s approval of GIP’s disciplined approach to infrastructure investing as well as the fund’s long-term commitment to providing top-quality services to our customers along with attractive returns for our investors.’
Global Infrastructure Partners, which has operational headquarters in Stamford, Connecticut and offices in New York, London and Hong Kong, invests in infrastructure assets in both OECD and select emerging market countries, targeting investments in single assets, portfolios of assets and companies in the energy, transport, water and waste management sectors.
