Stonepeak Amasses $3.15B for Maiden Opportunities Fund 

Stonepeak hit its expanded $3.15 billion hard cap for its oversubscribed Opportunities Fund. The vehicle, initially targeting $2.5 billion, will be used to invest in core-plus and value-add opportunities in the mid-market infrastructure sector, including control investments and structured capital solutions. 

The New York-based infrastructure and real assets investor said investments would focus on communications, transport and logistics, and energy and energy transition assets in North America and Europe. The fund has already committed more than 40% of its capital to six investments. 

“Sourcing high-quality, mid-market infrastructure investments requires a nimble, creative approach to origination and a deep understanding of various industry themes and dynamics – both areas that we believe set Stonepeak apart, particularly when combined with our global platform,” said Jack Howell, co-president of Stonepeak and co-head of the Opportunities Fund. 

Stonepeak has more than $71 billion of assets under management.