The Goldman Sachs Group, Inc. has raised its first GS Infrastructure Partners fund with more than USD6.5 billion in committed capital. This is Goldman Sachs’ first fund dedicated to making infrastructure investments and will make such investments globally.
“Goldman Sachs is a leading private equity and real estate investor with a long history of making profitable investments and GS Infrastructure Partners is a natural extension of that business,” says Steven Feldman and William Young, Co-Heads of the Infrastructure Group in the Merchant Banking Division of Goldman Sachs. “With the success of this fundraising, we have the capital to create and pursue large-scale investment opportunities while achieving portfolio diversification.”
GS Infrastructure Partners will seek investments in traditional infrastructure sectors including transport infrastructure, such as toll roads, airports and ports as well as regulated gas, water and electrical utilities.
While the Fund is global, the focus will be on larger investment opportunities in developed markets with established legal, political and regulatory frameworks. The primary sources of opportunities are expected to be in Europe and North America. The Fund has already committed to recent investments including: Associated British Ports and Kinder Morgan.
Goldman Sachs has committed approximately USD750 million of the Fund’s total capital. Other institutional investors in GS Infrastructure Partners include pension funds, insurance companies and banks.