Goldman Sachs Infrastructure Partners closed its two infrastructure funds in 2006 and 2010, GS Infrastructure Partners I and GS Infrastructure Partners II respectively. GS Infrastructure Partners I raised US$6.5 billion while GS Infrastructure Partners II raised US$3.1 billion.
Goldman Sachs expects to complete the fundraising for its third fund by mid 2015. As the two previous funds, it is expected that the new fund will be focused on investment opportunities with the following parameters:
The firm could find problems on the way due to a U.S. federal regulation known as the "Volcker Rule". It restricts banks from owning more than 3% of an infrastructure fund or any other private equity-type fund. Before this restriction, Goldman Sachs would generally invest about 10% of the capital of its infrastructure funds and between 30% to 35% of its private equity funds.