Investors - NOVEMBER 12, 2015

Washington state to invest $1b in infrastructure

by Zoë Wolff

The $106.8 billion Washington State Investment Board is considering investing $1 billion with Global Infrastructure Partners, according to a spokesperson for the pension fund.

The pension fund is looking to invest $500 million each in GIP’s third fund and in a separate account with the company. Global Infrastructure Partners III is seeking to raise up to $15 billion, according to Bloomberg, which would make it the largest infrastructure fund ever raised.

The pension fund committed $250 million to Global Infrastructure Partners II in 2012. GIP II is currently the largest infrastructure fund ever raised, having closed with $8.25 billion in equity commitments in 2012.

The investments were discussed at the pension fund’s private markets committee meeting on Nov. 5; approval is expected at the full board meeting on Nov. 19.


Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy