|
Laxman Pai, Opalesque Asia: American alternative investment firm Stonepeak raised $3.15 billion for its first fund - Stonepeak Opportunities Fund - dedicated to midsize infrastructure bets, exceeding an original target of $2.5 billion.
The New York-based investment firm specializing in infrastructure and real assets said in a media release that investor demand led it to raise more than it previously planned for the vehicle, with commitments from a diverse group of global investors.
The $267.7 billion New York State Common Retirement Fund, Albany; the $65.2 billion Maryland State Retirement and Pension System, Baltimore; and the $104.9 billion Virginia Retirement System, Richmond, are among the fund's investors, according to data compiled by Bloomberg.
According to the release, the Fund targets core-plus and value-add opportunities in the middle-market infrastructure sector, including control investments as well as structured capital solutions, with a focus on communications, transport and logistics, and energy and energy transition assets in North America and Europe.
Leveraging Stonepeak's operating capabilities, bespoke structuring expertise, experience with complex situations, and thematic approach to deal sourcing, the Fund has already committed more than 40% of its capital to six investments, it added.
Jack Howell, Co-President of Stonepeak and co-head of the Opportunities Fund said, "Sourcing high-quality, mid-market infrastructure investmen...................... To view our full article Click here
|
RSS
