The $1.5 billion El Paso (Texas) Firemen & Policemen Pension Fund has committed $7 million to Global Infrastructure Partners IV, managed by Global Infrastructure Partners.
Global Infrastructure Partners IV, launched in early 2018, is currently fundraising, with a target of $18 billion. GIP IV, like the firm’s previous fund, will invest in the energy, transportation and water sectors in developed markets, pursuing a strategy of large-scale joint ventures with industrial partners.
The pension fund previously committed $8 million to Global Infrastructure Partners III in 2015. The fund closed in 2016 with $15.8 billion, at the time ranking as the asset class’s biggest unlisted infrastructure fund.