GIP raises $2.9 bn in infrastructure credit funds
POWER & RENEWABLE ENERGY

GIP raises $2.9 bn in infrastructure credit funds

Private equity firm Global Infrastructure Partners (GIP) raised funds that invest in the debt and equity of infrastructure assets in the oil and gas, renewable energy, power and transport sectors.

The firm has said that the GIP raised $1.4 billion for its second credit fund, GIP Capital Solutions Fund II, and $1.5 billion for the successor fund, GIP Spectrum Fund from investors and individuals across different countries.

The spectrum fund is to be used for making debt investments in infrastructure assets in sectors such as power, midstream oil and gas, transport, and renewable energy, mostly in Organization for Economic Cooperation and Development (OECD) countries.

The GIP credit funds made several investments in the previous year acquiring $325 million of the $400 million debt notes for the construction of Whistler Pipeline, a natural gas pipeline in Texas. A $325 million term loan to Mexico's fourth-largest independent power company, Saavi Energia. A $110 million term loan to Colombian port terminal, Puerto Antioquia.

GIP was founded by former Credit Suisse executive Adebayo Ogunlesi in 2002 and is now one of the world's largest infrastructure investors. Assets worth $70 billion are under its management.

Private equity firm Global Infrastructure Partners (GIP) raised funds that invest in the debt and equity of infrastructure assets in the oil and gas, renewable energy, power and transport sectors. The firm has said that the GIP raised $1.4 billion for its second credit fund, GIP Capital Solutions Fund II, and $1.5 billion for the successor fund, GIP Spectrum Fund from investors and individuals across different countries. The spectrum fund is to be used for making debt investments in infrastructure assets in sectors such as power, midstream oil and gas, transport, and renewable energy, mostly in Organization for Economic Cooperation and Development (OECD) countries. The GIP credit funds made several investments in the previous year acquiring $325 million of the $400 million debt notes for the construction of Whistler Pipeline, a natural gas pipeline in Texas. A $325 million term loan to Mexico's fourth-largest independent power company, Saavi Energia. A $110 million term loan to Colombian port terminal, Puerto Antioquia. GIP was founded by former Credit Suisse executive Adebayo Ogunlesi in 2002 and is now one of the world's largest infrastructure investors. Assets worth $70 billion are under its management.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?