Goldman raises $1.5 billion for new infrastructure fund
Date
April 06, 2016
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Goldman Sachs Infrastructure Partners has recently raised approximately US$1.5 billion to complete the first stage of fundraising for its new infrastructure fund.
The company has raised a total of US$1.8 billion for the fund, which was launched in 2015. It has a target size of US$3 billion. More details about the fund have not been disclosed.
Goldman Sachs Infrastructure Partners closed GS Infrastructure Partners I (GSIP) and GS Infrastructure Partners II in 2006 and 2010 respectively. GS Infrastructure Partners I raised US$6.5 billion while GS Infrastructure Partners II raised US$3.1 billion.
The company's infrastructure funds are usually focused on investment opportunities with the following parameters:
- Sectors including transportation infrastructure (such as airports, ports, railways and roads) and utilities infrastructure (such as electricity, gas and water networks and conventional/ renewable contracted power generation),
- Global mandate across OECD countries, and
- Target investment sizes ranging from $100 million to $500 million of GSIP capital per investment, with the ability to do larger transactions with additional partners.
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