BlackRock-owned Global Infrastructure Partners (GIP) is nearing its $25 billion target for its Global Infrastructure Partners V fund (GIP Fund V), reported Bloomberg, citing people with knowledge of the matter.
The fund’s final close is expected to occur in the coming weeks.
Achieving this target would make GIP Fund V one of the largest in the infrastructure industry. This is particularly notable coming off several particularly slow fundraising years in the asset class.
The projected amount rivals Brookfield Asset Management’s record $30 billion flagship Brookfield Infrastructure Fund V, which closed in December 2023 and remains the world’s largest closed-end private infrastructure fund.
In 2019, Global Infrastructure Partners IV, the current fund’s predecessor, closed with $22 billion of equity commit
