Water Industry News
raises more than US$6.5B for GS Infrastructure Partners fund
Dec 28, 2006
NEW YORK (AP) Goldman
Sachs Group Inc., the world‘s largest investment bank, said Thursday it
raised more than US$6.5 billion in committed capital for its first GS
Infrastructure Partners fund.
GS Infrastructure Partners will seek investments in toll roads, airports
and ports as well as regulated gas, water and electrical utilities.
The fund will focus on larger investment opportunities in developed
markets with established legal, political and regulatory frameworks. The
primary concentration is expected to be in Europe and North America.
The fund has already committed to investments including Associated British
Ports and Kinder Morgan.
“With the success of this fundraising, we have the capital to create and
pursue large-scale investment opportunities while achieving portfolio
diversification, Steven Feldman and William Young, co-heads of the
infrastructure group of Goldman‘s merchant banking division, said in a
Goldman Sachs committed about $750 million of the fund‘s total capital.
Other institutional investors include pension funds, insurance companies
The fund is managed by individuals in its merchant banking division in New
York and London.