Global Infrastructure Partners (GIP) is in discussions to raise $25 billion for a new flagship fund, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The firm is separately targeting $5 billion for a core fund to invest in lower-return, income-producing assets that may include toll roads and bridges, the report said, adding that its size could increase amid strong demand.
Founded in 2006 and led by Adebayo Ogunlesi, GIP manages roughly $77 billion in assets. It raised $22 billion for its last flagship fund, Global Infrastructure Partners IV, in 2019.
Read more: Reuters
