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Recent Industry News

Date: 2012-07-30
Reuters: Global Infrastructure Partners raises $7.5 bln fund

July 30 2012                                
(Taken from Reuters,
July 30 (Reuters) - Global Infrastructure Partners Ltd, owner of London's Gatwick Aiport and of pipelines formerly owned by Chesapeake Energy Corp, revealed on Monday it had raised about $7.5 billion for its second infrastructure fund -the largest globally to date.
The disclosure, made in filings with the U.S. Securities and Exchange Commission, means that the fund, Global Infrastructure Partners II, is now bigger than Goldman Sachs Group Inc's first infrastructure fund, which raised $6.5 billion in 2006.
A Global Infrastructure Partners (GIP) spokesman declined to comment as the fund is still in fundraising mode.
Infrastructure fundraising remains challenging, with 149 infrastructure funds currently in the market targeting $98 billion in total, according to research firm Preqin.
Investor confidence in GIP may reflect a strong track record in clinching deals. Appetite may also be increasing for real assets such as toll roads and gas grids that offer steady cash flows and a hedge against inflation that many fear could return in earnest in the wake of loose monetary policy around the world.

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