Illinois Teachers backs Goldman Sachs' third infrastructure fund
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.
Country news
-
-
July 07, 2015
Five teams present ideas to redevelop old Charity Hospital in New Orleans
The government of New Orleans has received five responses to its call for "creative and innovative redevelopment ideas" to redevelop the old Charity Hospital building. Read more -
July 07, 2015
Ferrovial consortium's bid chosen for Toowoomba toll road project in Queensland
The consortium is composed of Cintra Infraestructuras, Ferrovial Agroman, Plenary Group, Acciona Infrastructure Australia, Samsung C&T Corporation, Acciona Concesiones, and Transfield Services (Australia). The team beat out competition from two other shortlisted consortia: Range Connect and RangeLink. Read more -
July 09, 2015
Final close for KKR Global Infrastructure Investors II
KKR has announced the final closing of KKR Global Infrastructure Investors II, a US$3.1 billion global fund focused on identifying, pursuing, executing, and managing infrastructure investments with an emphasis on OECD countries. Read more -
July 09, 2015
BlackRock hires Abengoa CEO
BlackRock has hired Manuel Sanchez Ortega, who has left his position as CEO of Abengoa and has joined the New York-based firm's infrastructure investment group. Read more -
July 15, 2015
Jacobs names Steven Demetriou President and Chief Executive Officer
Jacobs Engineering Group Inc. has announced that Steven J. Demetriou has been named President and Chief Executive Officer and will also also be elected to the Board. Read more
