GIP Is Said to Target $25 Billion for Record Infrastructure Fund

Global Infrastructure Partners is in talks to raise $25 billion for a new flagship fund, people familiar with the matter said, in what would be the world’s biggest pool of capital dedicated to infrastructure investments.

Discussions regarding the Global Infrastructure Partners V fund are in the early stages and GIP hasn’t made final decisions on its size, according to the people, who asked not to be identified discussing confidential information.

The firm is separately targeting $5 billion for a core fund to invest in lower-return, income-producing assets that may include toll roads and bridges, one of the people said. The ...