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December 28, 2006

Goldman raises $6.5 billion infrastructure fund

NEW YORK (Reuters) - Goldman Sachs Group Inc. is stepping up its pursuit of ports, airports and regulated utilities around the world after the investment bank raised more than $6.5 billion for its first infrastructure investment fund.

The fund, GS Infrastructure Partners, is one of the largest investment pools dedicated to acquiring infrastructure assets. In September, Reuters reported the bank was raising money for an infrastructure fund and expected to complete the process this year.

Goldman's fund is two times the size expected earlier this year, demonstrating the demand for infrastructure investments.

Full story...

Posted by pichu at December 28, 2006 3:17 PM