By Amy Or NEW YORK--Global Infrastructure Partners said Wednesday it has raised $8.25 billion for its second fund to invest in infrastructure assets in the energy, transportation, water and waste sectors. The new fund brings GIP's assets under management to $15 billion, the firm said in a news release. "We believe that the well-documented need for infrastructure investment across the globe will provide a very attractive investment environment for GIP II," said Adebayo Ogunlesi, the firm's chairman and managing partner, in the news release. Governments, particularly those in the developing countries, have been increasing spending on infrastructure as a means of stimulating their economies. GIP's current portfolio of 13 companies have combined annual revenues of over $4.5 billion and includes Gatwick, London City and Edinburgh Airports in the U.K. and the Port of Brisbane in Australia. In the U.S., it invested in the Ruby natural gas pipelines that carry natural gas from the Rockies to Oregon, and energy company Access Midstream Partners L.P. (ACMP). Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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