Global Infrastructure Partners

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Global Infrastructure Partners
legal form Partnership
founding 2006
Seat New York City , United States
(Head office)
Stamford, Connecticut, United States
(Operational headquarters)
management Adebayo Ogunlesi (Managing Partner and Chairman)
Branch Private equity
Website www.global-infra.com

Global Infrastructure Partners (GIP) is an infrastructure fund that makes both equity and selected debt investments. GIP is headquartered in New York City and invests in infrastructure assets in the energy, transportation and water / waste sectors. GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney and an operational headquarters in Stamford, Connecticut. The portfolio companies employ a total of around 52,000 people.

history

Global Infrastructure Partners was founded in May 2006. Two of the founding investors in GIP's first fund, GIP I, were Credit Suisse and General Electric. Each of these investors committed approximately 9% of the $ 5.64 billion of GIP I's total committed capital.

The company's first investment was announced in October 2006. It was a 50:50 joint venture between GIP and the American International Group (AIG) to acquire London City Airport (LCY) for an undisclosed amount. GIP announced the sale of LCY in February 2016 for a significant multiple of the 2006 acquisition price .

As a result, GIP made two further airport investments: the acquisition of Gatwick Airport, the UK's second largest airport in October 2009 for £ 1.5 billion from Heathrow Airport Holdings (BAA) and the acquisition of Edinburgh Airport in 2012 for £ 807 million.

In addition, GIP has made a cross-section of investments in other areas of the transport sector as well as in the energy sector. These facilities include seaports, rail freight facilities, and energy producers, especially in the field of renewable energies . In autumn 2018 bought GIP of Ørsted 50% of the under construction offshore wind farm s Hornsea Project One for 4.46 billion GBP (about 5 euros billion).

Global Infrastructure Partners' first fund, GIP I, closed in May 2008 with $ 5.64 billion in investor capital commitments. The fund was fully invested during 2012. In September 2012, the second fund, GIP II, completed raising funds with capital commitments of $ 8.25 billion, making it the largest independent infrastructure fund in the world at the time. Exceeded original expectations, the third fund, GIP III, completed its fundraising in January 2017 with around USD 15.8 billion in capital commitments.

Investments

As of April 2019, Global Infrastructure Partners managed total assets of around 51 billion US dollars, with their investments largely concentrated in the OECD countries. At that time, the fund's portfolio comprised investments in the following assets:

Web links

Homepage Global Infrastructure Partners

Individual evidence

  1. ↑ Global Infrastructure Partners | About Us: What We Do.Retrieved April 28, 2019 .
  2. ↑ BBC News: BAA agrees Gatwick airport sale . October 21, 2009 ( bbc.co.uk [accessed April 28, 2019]).
  3. ↑ BBC News: Edinburgh Airport changes hands . June 1, 2012 ( bbc.com [accessed April 28, 2019]).
  4. ↑ Ørsted reduces stake in offshore wind farm Hornsea 1 - Windbranche.de. September 21, 2018, accessed April 28, 2019 .
  5. ↑ Global Infrastructure Partners | Investments: All Sectors. Accessed April 28, 2019 .
  6. ↑ Global Infrastructure Partners joins German infrastructure. Institutional Money, August 10, 2017, accessed April 28, 2019 .
  7. ↑ About Us | Clearway Energy Group. Accessed April 28, 2019 .
  8. ↑ Italo shareholders accept GIP's improved takeover offer, scrap IPO ... In: Reuters . February 7, 2018 ( reuters.com [accessed April 28, 2019]).
  9. ^ Vena Energy. Accessed April 28, 2019 .