Global Infrastructure Partners Announces Close of US$5.64 Billion First Fund

NEW YORK, LONDON and HONG KONG, May 12 /PRNewswire/ -- Global Infrastructure Partners ("GIP"), an independent fund that invests in infrastructure assets worldwide, announced today that it has completed fundraising for its flagship first fund. Total commitments to the Fund are US$5.64 billion.

The Fund close underscores GIP's position as a leading global investor in, and operator of energy, transport and water/waste infrastructure assets. The Fund is an investor in London City Airport, as well as port assets in the United Kingdom and Argentina, and a liquid petroleum product storage facility in India. Additionally, as part of a take-private transaction, GIP recently completed the acquisition of a substantial stake in Biffa, Plc, a leading UK integrated waste management infrastructure business.

Adebayo Ogunlesi, Chairman and Managing Partner of GIP, commented: "We are pleased that investors have delivered such an overwhelming vote of confidence in GIP's strategy of applying our industry knowledge, along with our financial and operational expertise, to enhance the performance of infrastructure assets for all stakeholders. In these times of extreme market volatility and ever more cautious investment strategies, the size and diversity of GIP's investor commitment is particularly notable."

Mr. Ogunlesi continued: "The US$5.64 billion GIP has raised not only provides a well-capitalised platform on which to expand our portfolio, it affirms the market's approval of GIP's disciplined approach to infrastructure investing as well as the Fund's long-term commitment to providing top quality services to our customers along with attractive returns for our investors."

About Global Infrastructure Partners

Global Infrastructure Partners (GIP) is an independent fund that invests worldwide in infrastructure assets in both OECD and select emerging market countries. GIP targets investments in single assets, portfolios of assets, as well as companies in the energy, transport, water, and waste management sectors. GIP has offices in New York, London and Hong Kong and Operational Headquarters in Stamford, Connecticut. Credit Suisse and General Electric are the founding investors of GIP.

    For additional information, please go to http://www.global-infra.com .

    Media Contacts: Financial Dynamics

    New York                             London

    Doug Donsky                          Paul Marriott
    Office: +1 212 850 5740              Office: +44 (0)20 7269 7252
    Mobile: +1 646 361 1427              Mobile: +44 (0)7710 426 131
    doug.donsky@fd.com                   paul.marriott@fd.com

    Brendan McManus                      Edward Berry
    Office: +1 212 850 5626              Office: +44 (0)20 7269 7297
    Mobile: +1 201 819 2918              Mobile: +44 (0)7703 330 199
    brendan.mcmanus@fd.com               edward.berry@fd.com

    Beijing                              Singapore

    Mingxia Li                           Laurel Teo
    Office: +86 10 8591 1952             Office: +65 6224 2987
    Mobile: +86138 0103 3695             Mobile: +65 8228 1061
    mingxia.li@fd.com                    laurel.teo@fd.com


    Hong Kong

    Diana Footitt
    Office: +852 3716 9801
    Mobile: +852 9183 0667
    diana.footitt@fd.com

    Cindy Hui
    Office: +852 3716 9811
    Mobile: +852 9045 4950
    cindy.hui@fd.com


    Australia

    Andrew Stokes
    Office: +61 (2) 8298 6100
    Mobile: +61(0) 416 967 038
    andrew.stokes@fdthirdperson.com.au