Global Infrastructure Partners sets sights on USD 22bn final close

16 October 2019 - 12:00 am UTC

Global Infrastructure Partners (GIP) is set to wrap-up fundraising for its fourth flagship infrastructure fund at its USD 22bn hard cap in the coming weeks, according to two sources familiar.

The New York and Stamford-headquartered manager is set to close the world’s largest infrastructure fund at this threshold following an 18-month process, sources added. 

GIP, which launched Global Infrastructure Partners (IV) in mid-2018 with a USD 17.5bn fundraising target, had initially been expected to set the fund’s hard cap at USD 20bn. 

Global Infrastructure Partners declined comment.

If successful, the raise would see GIP raise the world’s largest infrastructure fund, exceeding the record it set with its USD 15.8bn third infrastructure fund in early-2017. 

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