Managers

In brief: GSAM’s $4bn infra fund targets the energy transition’s ‘powerful tailwinds’

The strategy has a strong energy transition theme which has helped it attract commitments from wealth investors, says infrastructure co-head Tavis Cannell.

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Goldman Sachs Asset Management has closed its fourth flagship infrastructure fund at its $4 billion target. Here is what NPM readers need to know:

  • Energy transition is set to be a strong focus for the fund, which has already made an investment in the biomethane sector. “Looking at how we have seeded our fourth fund, there is a strong energy transition theme: the tailwinds in that sector are particularly powerful, especially in the mid-market,” infrastructure chair Philippe Camu told affiliate title Infrastructure Investor. “We have been looking at the brown-to-green agenda in general for 15 years, and converting legacy brown assets into green assets is part of our pipeline.”
  • As well as GSAM’s traditional LP base of institutional investors, commitments to the fund also came from wealth investors, something which the firm credits in part to the fund’s focus on sustainability. “In the current market environment, energy transition and sustainability resonate,” infrastructure co-head Tavis Cannell noted.

Read more about the fund close on Infrastructure Investor here (registration required)