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Tue, 1 Oct 2024
Source: bloomberg
Global Infrastructure Partners (GIP) is targeting $3 billion for its third infrastructure debt fund under its Capital Solutions strategy, which focuses on higher-risk assets for higher returns.
This follows the close of its second Capital Solutions fund at $1.4 billion in December 2020, which invests in energy, power, renewables, and transport assets in OECD countries.
In January 2024, BlackRock Inc. agreed to acquire GIP for approximately $12.5 billion, with the deal set to close on Tuesday. GIP declined to comment on the new fund plans.
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Source: bloomberg