GIP Australia Fund II Achieves A$4.0 Billion Final Closing Milestone

Global Infrastructure Partners Secures A$4 Billion for Australia-Focused Fund

Global Infrastructure Partners (GIP), a leading infrastructure investment firm, has announced the successful closing of its GIP Australia Fund II (GIPA II), surpassing its target to reach a final closing of A$4.0 billion (approximately US$2.9 billion). This milestone signifies strong investor confidence in GIP’s strategy and the Australasian infrastructure market.

Broad Investor Participation Fuels Fund Growth

GIPA II secured significant backing from institutional investors across the globe, demonstrating the international appeal of Australasian infrastructure opportunities. Notably, a substantial portion of the capital (nearly half) came from repeat investors who participated in the inaugural GIP Australia Fund. This strong showing from existing partners underscores their satisfaction with GIP’s track record and future prospects in the region. Additionally, a significant share of the remaining commitments originated from Australian institutions, highlighting the domestic support for infrastructure development.

A Dedicated Fund for Australasian Growth

GIPA II is designed as an open-ended fund with a specific focus on Australasia, expanding upon GIP’s flagship equity strategy to encompass the entire region. The fund targets investments in infrastructure sectors that benefit from favorable demographic trends, robust economic conditions, and supportive regulatory frameworks. Notably, the region boasts a thriving infrastructure market characterized by a high volume of large-scale transactions. GIP itself already boasts a strong presence in Australia, actively managing investments in nine established infrastructure assets.

Industry Leader Expresses Confidence

Bayo Ogunlesi, Chairman and Chief Executive Officer of Global Infrastructure Partners, emphasized the significance of Australia within GIP’s global strategy, citing the firm’s extensive experience and proven success in the region. He expressed optimism regarding the fundraising achievement, highlighting the expertise of the GIP team and their ability to leverage the firm’s extensive infrastructure investment experience to deliver on investment objectives. Ogunlesi also pointed to GIP’s commitment to sustainability, stating that GIPA II will prioritize investments that support the transition to a low-carbon economy.

Looking Forward: Collaboration and Opportunity

Rob Stewart, Managing Partner of Global Infrastructure Partners Australia, expressed his gratitude to the fund’s investment partners for their continued support and confidence. He anticipates exciting opportunities on the horizon, fueled by the fresh capital secured through GIPA II. Stewart elaborated on these opportunities, mentioning potential investments in renewable energy projects, digital infrastructure upgrades, and sustainable transportation solutions – all areas critical for Australasia’s economic growth and environmental well-being.

About Global Infrastructure Partners

GIP is a leading global infrastructure investor with a proven track record of ownership and operation of some of the world’s most intricate and vital assets. Their portfolio spans diverse sectors including energy, transportation, digital infrastructure, and water and waste management. Committed to a sustainable future, GIP actively prioritizes decarbonization efforts and aims to contribute significantly to the global energy transition. Headquartered in New York, GIP maintains a global presence with offices strategically located across ten major cities, including Brisbane, Dallas, Hong Kong, London, Melbourne, Mumbai, Singapore, Stamford, and Sydney.

Currently, GIP manages a robust portfolio valued at approximately US$112 billion. These portfolio companies collectively generate substantial annual revenue, exceeding US$73 billion, and employ over 115,000 individuals worldwide. GIP’s unwavering focus on real infrastructure investments, combined with a strong deal flow network and in-depth operational expertise, positions them as a responsible steward of investor capital while fostering positive economic and social impacts in the communities they serve. GIP is also a recognized leader in environmental, social, and governance (ESG) practices, demonstrating a commitment to responsible investing that aligns with the long-term interests of its stakeholders.