Illinois Teachers' Retirement System has invested US$150 million in Goldman Sachs Infrastructure Partners' West Street Infrastructure Partners Fund III.

Goldman Sachs Infrastructure Partners has plans to raise about US$3 billion for its third infrastructure fund after closing GS Infrastructure Partners I and GS Infrastructure Partners II.

The fund will be 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.

Goldman Sachs expects to complete the fundraising for its third fund this year.

Goldman Sachs Infrastructure Partners closed its two infrastructure funds in 2006 and 2010, GS Infrastructure Partners I and GS Infrastructure Partners II respectively. GS Infrastructure Partners I raised US$6.5 billion while GS Infrastructure Partners II raised US$3.1 billion.