The infrastructure market looks promising, and the horizon bodes positive for its players. So far, the Goldman Sachs Group has been on the winning end of their infrastructure fund, which is likely to close above their predicted $7.5 billion mark they set in April.
In the next few weeks, Goldman Sachs’ sophomore infrastructure fund is slated to close around $8 billion. Though no official statement has come yet from the prestigious investment firm regarding the fund’s success, a couple of Goldman Sachs insiders have confirmed that it will reach the $8 billion mark at the very least.
Lennine Ochinno, Goldman Sachs’ partner at law firm Mayer Brown, stated that the infrastructure market has a big potential in becoming a booming market. Designed to cater to the infrastructure funding of facilities in markets situated in North America and Europe, Goldman Sachs’ sophomore fund has received huge financial contributions from the private sector. Alaska Permanent Fund Corp., for one, has pledged $500 million to the fund.
Other investment and private equity firms have seen to creating their own infrastructure funds, a clear indication that infrastructure holds a lot of profits and may provide a boost in the sagging investment economy. Blackstone Group, Credit Suisse Group, and General Electric are just some of the lot.
Read the full article commentary from Mayer Brown on Blackstone, KKR, the Carlyle Group, etc.
Read more about Law firm Mayer Brown on ALM Research.
View career and recruiting information for Mayer Brown.