Stonepeak Closes Asia Infrastructure Fund with $3.3 Billion of Commitments

Fund underscores Stonepeak’s commitment to the Asia-Pacific region

NEW YORK — March 7, 2024 — Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the successful final close of Stonepeak Asia Infrastructure Fund (“the Fund”) with $3.3 billion in total capital commitments. The Fund, representing Stonepeak’s first dedicated Asia strategy, exceeded its target of $3.0 billion having received robust demand from new investors and existing investors in other Stonepeak funds.

The Fund seeks to construct 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.

Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak, said, “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.”

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.

Jack Howell and Luke Taylor, Co-Presidents of Stonepeak, added, “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.”

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.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $61.1 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, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.

Contacts

Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

[1] AUM is as of September 2023, inclusive of subsequent committed capital.