Allens has advised leading infrastructure investor and longstanding client Global Infrastructure Partners (GIP) on the establishment of its largest Australian fund to date, the GIP Australia Fund II (GIPA II).
GIPA II is a $4 billion fund targeting investment opportunities in Australia and New Zealand in five industry sectors: energy (including power, renewables, transmission and distribution), transportation, water/waste, digital infrastructure and industrial infrastructure, taking advantage of the growing demand for private infrastructure investments across the region.
‘Following our role advising GIP on the establishment of its first Australian fund (GIPA I), we are pleased to have helped GIP establish its second and largest Australian fund to date,’ said Lead Partner James Kanabar.
‘GIP’s ability to secure commitments from institutional investors across Australia, Asia, Europe and North America – including significant re-ups from GIPA I investors and commitments from a number of new investors – is testament to GIP’s track record in this region and investors’ confidence in its investment plans. It has been great to work with the GIP team on something that will make a significant contribution to Australia’s infrastructure landscape.’
