Global Infrastructure Partners to raise new fund to find London Gatwick investors

UK's London Gatwick Airport owner, Global Infrastructure Partners (GIP), reportedly plans to raise a second USD5 billion fund (Reuters, 10-May-2010). The company plans to launch the fundraising in 2H2010. GIP also reportedly plans to sell stakes in Gatwick to a third investor in the next two weeks and may later attract a fourth. It plans to remain the majority stakeholder in the airport. It sold stakes in Gatwick to Abu Dhabi Investment Authority (ADIA) and South Korea's National Pension Service earlier in the year, retaining a 73% stake in the airport.