Stonepeak—a leading alternative investment firm specializing in infrastructure and real assets—announced the successful final close of Stonepeak Asia Infrastructure Fund, which has $3.3 billion in total capital commitments. This fund represents Stonepeak’s first dedicated Asia strategy and exceeded its target of $3 billion, having received notable demand from new investors and existing investors in other Stonepeak funds.
The fund seeks to build a diversified portfolio of infrastructure assets, mostly within the communications, transport and logistics, and energy sectors. And its geographic mandate spans the Asia-Pacific region, including developed and high-growth countries. So far, the fund has made six investments spanning each of its target sectors.
Stonepeak has a team of 49 employees across offices in Hong Kong, Singapore, and Sydney, with additional boots on the ground in Seoul and Tokyo, supporting portfolio companies in over a dozen regional countries and territories.
The fund’s diverse group of limited partners (LPs) comprises investors from every region and includes pensions, endowments, insurance companies, and other large institutions – many of which are investing with Stonepeak for the first time. With the final close of the fund, Stonepeak’s assets under management total $61.1 billion.
Simpson Thacher & Bartlett LLP acted as fund counsel.
KEY QUOTES:
“The strong demand for this fund underscores Asia’s compelling long-term economic and demographic tailwinds, and is a resounding acknowledgement by our partners, including many of the world’s most sophisticated investors, that Stonepeak’s team is well positioned to capitalize on the associated investment opportunities.”
– Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak
“This is a critical time for infrastructure investment in Asia as the need for digital assets, less carbon-intensive energy, and modern logistics infrastructure becomes increasingly pressing in the region. We are grateful for our investors’ support as we continue to deploy our strategy to meet these needs and create value for all of our stakeholders by leveraging our deep sector expertise and ‘boots-on-the-ground’ approach to asset management.”
– Jack Howell and Luke Taylor, Co-Presidents of Stonepeak
