About This Fund
Global Infrastructure Partners V (GIP Fund V) is Global Infrastructure Partners’ largest-ever flagship vehicle, having achieved a final close of $25.2 billion in late June 2025—surpassing its original $25 billion target. The capital was raised from 278 institutional investors across 35 countries, marking it as one of the year’s biggest fund closes.
The fund is structured to deliver 15–20 % gross returns and 11–15 % net returns , with a targeted cash yield of 5–7 % , and typically makes equity investments sized between $1 bn and $3 bn . It acts as a core-plus fund, with a strategic emphasis on energy, transportation, digital infrastructure, water, and waste assets.
Geographically, GIP Fund V is diversified, with a primary focus on North America , and selective exposure to Europe (especially the UK), Australia , and Southeast Asia. Portfolio highlights include a 40 % stake in Columbia Pipelines (Canada), investments in Rio Grande LNG (Texas), the Perdaman Karratha ammonia‑urea project in Western Australia, Allete (US utility), Hutchison Ports, and Malaysia Airports Holding.