Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has held the final close of Stonepeak Asia Infrastructure Fund with $3.3bn in total capital commitments, in excess of its original $3bn target.
The fund, which is Stonepeak’s first dedicated Asia strategy, secured strong support from both new investors and existing investors in other Stonepeak funds, according to a press release.
The fund will target building a diversified portfolio of infrastructure assets predominantly within the communications, transport and logistics, and energy sectors. Its geographic mandate spans the Asia-Pacific region, including both developed and high-growth countries. To date, the Fund has made six investments spanning each of its target sectors.
Stonepeak has a dedicated 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 countries and territories in the region.
The Fund’s diverse group of limited partners 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.1
Simpson Thacher & Bartlett LLP acted as fund counsel.
