Investment firm Stonepeak launched an infrastructure fund on Tuesday targeting individuals with at least $5 million in investments as private equity firms expand their fundraising efforts beyond institutional investors.
Stonepeak specializes in infrastructure assets, investing capital on behalf of investors, including public and private pension funds, insurance companies, endowments and other large institutions from around the world.
The New York-based company filed for registering Stonepeak-Plus Infrastructure Fund, which will focus on transportation logistics, digital and energy infrastructure sectors, according to a filing.
Private wealth has gained attention from major private equity players such as Blackstone, KKR, which have established infrastructure vehicles to raise money from wealthy investors.
Investment firm Stonepeak had about $70 billion of assets under management as of June 30, 2024.
The company does not expect the infrastructure fund to have a pre-determined threshold for potential exit of its assets, the filing said.
Reuters
