Global Infrastructure Partners (GIP) is seeking to raise $5 billion for its debut emerging markets fund, which will focus on transportation, energy, water and waste investments in middle-income countries in Latin America and Asia, according to Bloomberg.
The fund will exclude India, but follows GIP’s talk of launching a $1 billion infrastructure fund, solely focused on roads, renewables, transmission and other infrastructure assets within the country. The fund also would consider projects such as airports, fiber optic networks and data centers for 5G roll out.
The new emerging markets fund will be managed by Jim Yong Kim, former president of the World Bank, and Jin-Yong Cai, former CEO of the International Finance Corp., according to Bloomberg.
Concurrently, GIP also has set its sights on $22 billion for its fourth global infrastructure fund, after bumping
