US banking group Goldman Sachs is considering launching a new infrastructure fund, Reuters reported. The news agency, citing three people familiar with the matter, reported that the bank’s plans are tentative and in early stages. The sources added that the bank is not engaged in fund raising and does not have a target size at present.
The new fund is likely to have a global focus with investments in a variety of infrastructure assets, such as airports, power grids and toll roads.
The bank’s new move comes as financial institutions are keen to invest in safer, high-return infrastructure funds.