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Laxman Pai, Opalesque Asia: Stonepeak, an alternative investment firm specializing in infrastructure and real assets, closed its flagship Stonepeak Infrastructure Fund IV at $14 billion, exceeding its $12 billion target.
According to a press release from the New York-based alternative money manager, Stonepeak Infrastructure Fund III, which closed with $7.2 billion in capital commitments after targeting $5 billion, was raised in 2018.
Stonepeak, which now has $46 billion in assets under management, will seek to make infrastructure bets across North America, particularly in sectors including transport and logistics, communications, and energy transition.
The Fund received commitments from a diverse group of more than 150 global investors from 23 different countries with strong support from both existing and new investors. Approximately 57% of total commitments came from existing partners.
Investors in Fund IV include the New York State Common Retirement Fund, Albany; Texas Teacher Retirement System, Austin; New Jersey Pension Fund, Trenton; Oregon Public Employees Retirement Fund, Tigard; Alaska Permanent Fund Corp., Juneau; Illinois Teachers' Retirement System, Springfield; South Carolina Retirement Systems, Columbia; Louisiana Teachers' Retirement System, Baton Rouge; Orange County Employees Retirement System, Santa Ana, Calif.; and Maine Public Employees Retirement System, Augusta.
Stonepeak CEO, Chairman, and Co-Founder Michael Dorrell said, "Th...................... To view our full article Click here
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