Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. 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 and Sydney and operational headquarters in Stamford, Connecticut. In total as of 2018, its portfolio companies employ approximately 21,000 people.

History

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

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable en ...

. 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 , is a major international airport near Crawley, West Sussex, England, south of Central London. In 2021, Gatwick was the third-busiest airport by total passenger traffic in the UK, after H ...

, 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 airport located in the Ingliston area of Edinburgh, Scotland. It was the busiest airport in Scotland in 2019, handling over 14.7 million passengers. It was also the sixth-busiest airport in the United Kingdom by ...

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.

Current investments

As of December 2020, Global Infrastructure Partners had aggregate assets under management of approximately US$75 billion, such investments being concentrated in

OECD The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate e ...

countries. Its portfolio specifically included investment in the following assets: *ADNOC Gas Pipelines *Borkum Riffgrund 2 *ChannelView Cogeneration *Clearway Energy *Competitive Power Ventures *

*EnLink Midstream *East India Petroleum Ltd. *Empresa Eléctrica Guacolda S.A. *Eolian Energy *Freeport LNG *Naturgy (fka Gas Natural SGD, S.A.) *

* Gode Wind 1 *Guacolda Energia *Hess Infrastructure Partners * Hornsea 1 *

London City Airport London City Airport is a regional airport in London, England. It is located in the Royal Docks in the Borough of Newham, approximately east of the City of London and east of Canary Wharf. These are the twin centres of London's financial ...

*Medallion Gathering & Processing *

Nuovo Trasporto Viaggiatori Italo - Nuovo Trasporto Viaggiatori ( it, New Travellers Transport) is an Italian open-access train operating company operating in the field of high-speed rail transport. Commencing services in early 2012, it became Europe's first private open a ...

Reuters
/ref> *

Pacific National Pacific National is one of Australia's largest rail freight businesses. History In February 2002, National Rail's freight operations and rollingstock (owned by the Federal, New South Wales and Victorian Governments) were combined with Freig ...

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

*Port of Brisbane Corporation *Saeta Yield/Bow Power *Signature Aviation *Terra-Gen Power *TransitGas AG *Terminal Investment Limited *Vena Energy

References

External links

Global Infrastructure Partners
{{Transport in London Private equity firms Credit Suisse Joint ventures General Electric Financial services companies established in 2006