PRINT THIS PAGE GIP closes first fund on $5.6bn12/05/2008. Source: AltAssets. 
Global Infrastructure Partners has closed its inaugural fund on $5.64bn. The firm did not disclose the original target of the fund. Investments into the fund principally came from institutional investors across North America, Europe, the Middle East and Asia, including public and private pension funds, foundations, endowments, financial institutions and also high-net-worth individuals.
Credit Suisse and General Electric are the founding investors of GIP.
Adebayo Ogunlesi, chairman and managing partner, GIP, said, '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. 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.'
GIP invests in infrastructure assets, targeting investments in single assets, portfolios of assets, as well as companies in the energy, transport, water and waste management sectors.
The fund is an investor in London City Airport, in port assets in both the UK and Argentina, and in a liquid petroleum product storage facility in India. As part of a take-private transaction, GIP recently completed the acquisition of a substantial stake in Biffa, a UK integrated waste management infrastructure business.
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