GSIS to invest $300M in global infra projects

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The Government Service Insurance System (GSIS) has signed an agreement with a leading international infrastructure fund manager as it seeks to invest $300 million in global infrastructure projects.

In a statement yesterday, the pension fund said Wick Veloso, GSIS president and general manager, signed on April 12 in New York City an agreement with James Amine, a partner in the Global Infrastructure Partners (GIP) Emerging Markets Fund.

Under the agreement, GSIS will invest $300 million for global infrastructure projects covering transport, energy and digitalization.

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“This partnership is in line with our continued effort to further diversify our assets and generate higher returns for the benefit of our more than two million members and pensioners,” Veloso said.

GIP, founded in 2006 and based in New York City, is a leading global independent infrastructure fund manager that administers $87 billion in assets on behalf of its investor base.

It seeks to invest in power and utilities, natural resources infrastructure, air transport infrastructure, seaports, freight railroad, water distribution and treatment and waste management.

The firm works in partnership with public sector co-investors and stakeholders to deliver improvements in infrastructure.

As the largest owner of private airports, GIP has particularly cemented its position as the leading British airport operator transforming London’s City and Gatwick airports and Scotland’s Edinburg airport into highly profitable and comfortable terminals.

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