GIM is an independent, specialist infrastructure fund manager whose investment approach is based on
combining deep sector expertise with industrial best practice operational management. GIM was founded
in 2006 and has been registered as an investment adviser pursuant to the Investment Advisers Act of
1940, as amended (the “Advisers Act”), since 2012.
GIM provides investment advisory services to investment vehicles that are exempt from registration
under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose securities are not
registered under the Securities Act of 1933, as amended (the “Securities Act”). GIM’s affiliates, GIM
Advisory Services, LLC, GIM EM Manager, LLC and Global Infrastructure Partners India Private Limited, act
as relying advisers and operate with GIM as a single advisory business. GIM offers advisory services
(directly or through a subsidiary) to certain pooled investment vehicles primarily investing in or lending to
infrastructure and infrastructure-related assets or issuers (collectively, the “Main Funds” and each, a
“Main Fund”). A Main Fund may include feeder funds, parallel funds, special purpose vehicles and/or
alternative investment vehicles established for tax, regulatory or other considerations. GIM, from time
to time, establishes co-investment funds (each, a “Co-Investment Fund”) or enters into co-investment
arrangements with certain investors to facilitate co-investments alongside the Main Funds. In addition, a
subsidiary of GIM offers advisory services to the accounts and investment vehicles comprising Global
Infrastructure Partners Australia and Global Infrastructure Partners Australia II (collectively, “GIP
Australia”).
GIM or its affiliates also, from time to time, provide investment advisory services to investors through
single investor vehicles (each, a “Single Investor Vehicle”) on terms and conditions agreed to pursuant to
a limited partnership agreement, limited liability company agreement or other written agreement, or
through separately managed accounts (each, a “Separately Managed Account”) on terms and conditions
agreed to pursuant to a written investment advisory and management agreement (each, an “IMA”). The
Main Funds, Co-Investment Funds, GIP Australia and Single Investor Vehicles are collectively referred to
as the “Funds” and each, a “Fund”. The Funds and Separately Managed Accounts are collectively referred
to as the “Clients” and each, a “Client”.
Investors in the Clients are generally required to be “qualified purchasers” as defined in the 1940 Act and
“accredited investors” as defined in Regulation D promulgated under the Securities Act.
The Main Funds are categorized into five groups:
(1) The Equity Funds. The Equity Funds seek to make primarily control-oriented equity and equity-
related investments and, on a selected basis, investments in debt securities in infrastructure and
infrastructure-related assets primarily located in countries within the Organisation for Economic
Co-operation and Development (“OECD”), focusing on four industry sectors: energy,
transportation, digital infrastructure and water/waste (the “Equity Funds”). Some Equity Funds
have been and in the future may be single asset funds.
(2) The Debt Funds. The Debt Funds seek to make debt and debt-linked non-equity investments in
infrastructure assets and infrastructure-related assets primarily located in OECD countries and
target the energy, transportation, digital infrastructure and water/waste sectors (the “Debt
Funds”).
(3) The India Funds. The India Funds seek to make primarily control-oriented equity and equity-
related investments, and on a selected basis, investment in debt securities in infrastructure and
infrastructure-related assets primarily located in India (the “India Funds”).
1
(4) The Emerging Markets Fund. The Emerging Markets Fund seeks to make primarily control-
oriented equity and equity-related investments and on a selected basis, investment in debt
securities in infrastructure and infrastructure-related assets primarily located in emerging
markets, with a focus on select countries in Asia (including India, China, Indonesia, Malaysia,
Philippines) and Latin America (including Brazil, Chile, Colombia, Mexico, and Peru) (the
“Emerging Markets Fund”).
(5) The Core Fund. The Core Fund seeks to make primarily control-oriented equity and equity-related
investments and, on a selected basis, investments in debt securities in the core segment of
infrastructure and infrastructure-related assets primarily located in countries within the OECD,
with a focus on North America and Europe, and targets the energy, transportation, digital
infrastructure and water/waste sectors (the “Core Fund”).
Single Investor Vehicles and Separately Managed Accounts have invested and in the future may also invest
in equity and equity-related investments and debt securities in infrastructure and infrastructure-related
assets in the energy, transportation, digital infrastructure and water/waste sectors.
GIP Australia primarily makes control-oriented equity and equity-related investments and, on a selected
basis,
investments in debt securities, in each case in infrastructure or issuers primarily located in Australia
and New Zealand. GIP Australia targets the energy, transportation, digital infrastructure and water/waste
sectors.
With respect to the Funds, GIM’s advisory services consist of conducting the day-to-day operations of the
Funds and providing portfolio management and administrative services, including investigating, analyzing,
structuring and negotiating potential investments, actively managing and monitoring the performance of
investments, and advising as to disposition opportunities.
1 The India Funds are comprised of two funds established by IDFC Alternatives Ltd. In 2018, GIM acquired the investment
management agreements for the India Funds and established Global Infrastructure Partners India Private Limited (f/k/a Global
Infrastructure Partners India LLP) as the investment adviser to the India Funds.
With respect to Separately Managed Accounts, GIM or its affiliates provide regular supervisory or
management services and have the ongoing responsibility to make recommendations based upon the
needs of the Separately Managed Account clients.
Investment advice is provided directly to (i) the Funds, subject to the discretion and control of the
applicable general partner or managing member and the restrictions in the applicable governing
documents, and (ii) Separately Managed Account clients. The advice provided by GIM and its affiliates to
each Client is tailored to meet the individual investment objectives and restrictions of each Client (and
generally not to the investors underlying a fund when the Client is a pooled investment vehicle), as
applicable. Services are provided to the Funds in accordance with a management agreement between
GIM, the general partners or managing members and the Funds and/or the organizational documents of
the applicable Fund. Services are provided to Separately Managed Account clients in accordance with the
applicable investment management agreement (“IMA”). Investment restrictions for the Funds, if any, are
generally set forth in the organizational documents of the applicable Fund. Further specific details
regarding GIM’s advisory services are set forth in such management agreements and IMAs and each
Fund’s private placement memoranda and organizational documents. As used herein, any references to
“or” shall mean “and/or” and any references to “including” shall mean “including, but not limited to.”
GIM or certain affiliates have entered and will in the future enter into side letters or other writings with
specific investors in the Funds which have the effect of establishing rights under, or altering or
supplementing, the terms of the governing agreements of the Funds or an investor’s subscription
agreement in respect of the investor to whom such letter or writing is addressed. Such rights or alterations
relate to, and could relate to, economic terms, fee structures, excuse rights, information rights, consent
rights to certain amendments to a Fund’s organizational documents, representation on a board of
advisers, transfer rights, withdrawal rights, limitations on indemnification obligations, terms necessary in
light of particular legal, regulatory or public policy characteristics of an investor, distributions in kind, co-
investment rights (including the provision of stated co-invest opportunities or priority allocation rights to,
for example, limited partners who have capital commitments in excess of certain thresholds to one or
more Funds), among other rights and terms. Generally, any rights established, or any terms altered or
supplemented, in a side letter will govern only that investor and not a Fund as a whole. Certain additional
rights, terms or conditions, but not all, may be elected by investors with “most favored nations” rights
pursuant to the terms of such “most favored nations” provision. Such side letters have imposed, and in
the future may impose, limitations on participation in certain investments by investors and the types of
investments made by the Funds. Neither GIM nor its affiliates will enter into a particular side letter if GIM
determines that the provisions contained in such side letter would be disruptive to the applicable Fund or
its investment program. Disclosure of applicable side letter practices is made to investors prior to their
investment in the applicable Fund in such Fund’s private placement memoranda, organizational
documents or otherwise and in accordance with applicable laws, rules and regulations.
Day-to-day management and control of GIM is exercised by the individual principals of GIM. Global
Infrastructure Management Participation, LLC (“GIMP”) is the “principal owner” of GIM, and GIMP is
owned and controlled by the individual principals of GIM and their respective investment vehicles.
As of December 31, 2023, GIM managed approximately $106,710,481,760 on a discretionary basis and
approximately $6,069,180,013 on a non-discretionary basis.
The information provided above about the investment advisory services provided by GIM is qualified in its
entirety by reference to the Clients’ offering materials, organizational documents and subscription
agreements.