Alternative investment manager Stonepeak Partners is looking to raise $2.5bn for its new infrastructure fund, which will target investment opportunities in North American and Europe, according to a report by IP&E Real Assets.
The report cites an investors meeting document as revealing that the Teachers’ Retirement System of Louisiana (Louisiana Teachers) has approved a $50 million commitment to the new Stonepeak Opportunities Fund.
The fund is already in the process of acquiring a 50% interest in the Key Access Pipeline System, with the acquisition expected to complete by the end of the current quarter.
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Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $51.7 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates.
Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy transition, transport and logistics, and social infrastructure. Stonepeak is headquartered in New York with offices in Austin, Hong Kong, Houston, London, and Sydney.
Source: Private Equity News
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