Global Infrastructure Partners (GIP) announced that GIP Emerging Markets Fund I (GIP EM) completed fundraising for more than $2.1 billion in aggregate committed capital.
The diversified investor base includes public and private pension plans, sovereign wealth funds, insurance companies, financial institutions, asset managers, endowments, and family offices across North America, Europe, Asia, and the Middle East. And the fund drove significant support from GIP’s existing investor base while also attracting new investors with a specific interest in emerging markets infrastructure.
GIP Emerging Markets Fund I is an emerging markets-focused fund that extends GIP’s Flagship equity strategy to opportunities in 11 Target Countries in Asia and Latin America. And the fund seeks to gain attractive investment opportunities in these geographies that are underpinned by favorable demographic, economic, and regulatory conditions coupled with a rapidly growing demand for private infrastructure investments.
GIP EM already deployed over $1 billion across a diversified portfolio of assets.
KEY QUOTES:
“We are extremely gratified by the confidence that EM Fund investors have placed in us. The infrastructure opportunity in emerging markets countries is significant. While global economic growth may be decelerating, GIP believes that conditions in the Target Countries for GIP EM remain constructive and present an attractive investing environment.”
- James Amine, GIP Partner and Head of Emerging Markets
“GIP Emerging Markets is an important and natural extension of our geographic reach, and we are excited by this successful fundraise. We believe our Emerging Markets team’s expertise, and in-depth country and sector knowledge, combined with their ability to leverage GIP’s best-in-class infrastructure investing capabilities, will allow us to deliver on our investment objectives.”
- Bayo Ogunlesi, Global Infrastructure Partners’ Chairman and Chief Executive Officer
