Alternative investment manager Stonepeak Partners is looking to raise $2.5 billion (€2.3 billion) 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.
