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Global Infrastructure Partners (GIP), a leading infrastructure investor, announced today that GIP Emerging Markets Fund I (“GIP EM” or “the Fund”) has completed fundraising for aggregate committed capital of more than $2.1 billion.

The Funds’ 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. The Fund garnered 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 a dedicated emerging markets-focused fund that extends GIP’s Flagship equity strategy to opportunities in 11 Target Countries in Asia and Latin America. The Fund seeks to capture 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 has already deployed over $1 billion across a diversified portfolio of assets.

“We are extremely gratified by the confidence that EM Fund investors have placed in us,” said James Amine, GIP Partner and Head of Emerging Markets. “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.”

“GIP Emerging Markets is an important and natural extension of our geographic reach, and we are excited by this successful fundraise,” said Bayo Ogunlesi, Global Infrastructure Partners’ Chairman and Chief Executive Officer. “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.”

Photo courtesy of Troy Bridges.