Global Infrastructure Partners, LLC (GIP) is an American infrastructure investment fund making equity and selected debt investments across markets worldwide. GIP's main headquarters are located in New York City and its equity investments are based on infrastructure assets in the energy, transport and water & waste sectors. GIP employs approximately 150 investment and operational professionals and has offices in New York, London, Stamford, Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. In total as of 2023, its portfolio companies employ approximately 100,000 people, according to the company website.

BlackRock BlackRock, Inc. is an American Multinational corporation, multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager ...

acquired the company in 2024.

History

Global Infrastructure Partners was established in May 2006. Two founding investors in its first fund, GIP I, were

Credit Suisse Credit Suisse Group AG (, ) was a global Investment banking, investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration ...

and

General Electric General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. The firm's first investment was announced in October 2006. It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. GIP announced the sale of the asset in February 2016 for a significant multiple of its acquisition price. GIP has made two additional notable airport investments: the October 2009 acquisition of

Gatwick Airport Gatwick Airport , also known as London Gatwick Airport (), is the Airports of London, secondary international airport serving London, West Sussex and Surrey. It is located near Crawley in West Sussex, south of Central London. In 2024, Gatwic ...

, the second largest airport in the United Kingdom by passenger traffic, for £1.5 billion from BAA and the 2012 acquisition of

Edinburgh Airport Edinburgh Airport is an international airport located in the Ingliston area of Edinburgh, Scotland. It is located west of the city centre, just off the M8 motorway (Scotland), M8 and M9 motorway (Scotland), M9 motorways. It is owned and oper ...

for £807 million. GIP has made a cross section of investments in other areas of the transport sector as well as the natural resource and power generation areas of the energy sector. These assets include seaports, freight rail facilities, midstream natural resources and power generation businesses. Global Infrastructure Partners' first fund, GIP I, completed its fund raising in May 2008 with $5.64 billion in investor capital commitments. The fund became fully invested during 2012. In September 2012, GIP's second fund, GIP II, completed fund raising with US$8.25 billion in investor capital commitments, making it the largest independent infrastructure fund in the world at that time. Exceeding what it had initially projected, GIP's third fund—GIP III—completed fund raising in January 2017 with approximately $15.8 billion in investor capital commitments. GIP's fourth equity Fund, GIP IV, completed fund raising in December 2019, raising $22 billion. GIP also manages several other Funds which focus on investments in infrastructure in other asset classes or target specific regions. GIP's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. In January 2024, the investment management corporation

announced its acquisition of Global Infrastructure Partners for $12.5 billion with Perella Weinberg as financial advisor. This move aims to tap into the

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and pri ...

market, forecasted to be one of the fastest-growing segments of private markets in the years ahead. On October 1, 2024, it was announced that BlackRock had completed the purchase of GIP.

Current investments

As of January 2023 Global Infrastructure Partners had aggregate assets under management of approximately US$100 billion, such investments being concentrated in

OECD The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, wor ...

countries, generating revenues of approximately US$80 billion. Its portfolio specifically included investment in the following assets: *ADNOC Gas Pipelines *Access Midstream Partners *ACS Renewables *Ascend Telecom Infrastructure Private Limited *Atlas Renewable Energy *Biffa *Bluepoint Wind *Borkum Riffgrund 2 *ChannelView Cogeneration *Clearway Energy *Compañía Logistíca de Hidrocarburos *Competitive Power Ventures * CyrusOne *East India Petroleum *

*Empresa Eléctrica Guacolda S.A. *EnLink Midstream ''(sold to ONEOK in 2024)'' *Eolian Energy *Freeport LNG *Naturgy (fka Gas Natural SGD, S.A.) *

*Gladstone LNG Project * Gode Wind 1 *Great Yarmouth *Hess Infrastructure Partners *Heathrow Airport * Hornsea 1 *

London City Airport London City Airport is an international airport in London, England. It is located in the Royal Docks in the London Borough of Newham, Borough of Newham, about east of the City of London and east of Canary Wharf. These are the two centres ...

*Medallion Gathering & Processing ''(sold to ONEOK in 2024)'' * Pacific National *Peel Ports *Perdaman Karratha Ammonia-Urea Project * Pluto Train 2 *

Port of Melbourne The Port of Melbourne is the largest port for containerised and general cargo in Australia. It is located in Melbourne, Victoria, Australia, Victoria, and covers an area at the mouth of the Yarra River, downstream of Bolte Bridge, which is at th ...

*Port of Brisbane Corporation *QCLNG Common Facilities *Rio Grande LNG *Ruby Pipeline *Saavi Energía *Signature Aviation * Skyborn Renewables *SUEZ Group *

Sydney Airport Sydney Kingsford Smith Airport — colloquially Kingsford Smith Airport, Sydney Airport or Mascot Airport — is an international airport serving Sydney, New South Wales, Australia, south of the Sydney central business district, in the subu ...

*Terra-Gen Power *TransitGas AG *Terminal Investment Limited *Tramarsa *Vantage Towers AG *Vena Energy

References

External links

Global Infrastructure Partners
{{Transport in London Private equity firms Credit Suisse Former joint ventures General Electric Financial services companies established in 2006 2024 mergers and acquisitions BlackRock