Connecticut commits $200m to GIP V infra fund
Investors - MARCH 9, 2023

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Connecticut commits $200m to GIP V infra fund

by Kali Persall

Connecticut State Treasurer Erick Russell has announced a commitment of $200 million to Global Infrastructure Partners V, on behalf of the state’s infrastructure and natural resources portfolio.

Global Infrastructure Partners V is a value-added infrastructure fund managed by Global Infrastructure Partners (GIP). In February 2022, GIP was in talks to launch the fifth fund with a $25 billion equity fundraising target, according to Bloomberg.

In 2019, the fund’s predecessor, Global Infrastructure Partners IV, closed with $22 billion of equity commitments, against a target of $20 billion. The fundraising strategy was to invest in energy, transportation and wastewater infrastructure assets. Assets within the energy sector include midstream, renewables, utilities and LNG, while transportation assets include airports, ports and rail. Wastewater investments include utilities, industrial and energy from waste, according to a

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