Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has held the final close of its Stonepeak Opportunities Fund at its revised hard cap of $3.15bn, after strong investor demand exceeded the original $2.5bn target.
The fund, which 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, attracted commitments from a diverse group of global investors.
The fund has already committed more than 40% of its capital to six investments.
Nikolaus Woloszczuk, Senior Managing Director at Stonepeak and co-head of the Opportunities Fund, commented: “By combining the resources of a large platform with our experience in middle-market investing, we believe we are well-placed to capitalise on the wide range of investment opportunities that we continue to see across each of our main target sectors.”
Simpson Thacher & Bartlett advised on the fund.
