Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced the final close of its Stonepeak Opportunities Fund (the “Fund”). Following strong investor demand, the Fund was meaningfully oversubscribed relative to its original $2.5 billion target and closed at its revised hard cap of $3.15 billion, with commitments from a diverse group of global investors.
The Fund 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. Leveraging Stonepeak’s operating capabilities, bespoke structuring expertise, experience with complex situations, and thematic approach to deal sourcing, the Fund has already committed more than 40% of its capital to six investments.
Jack Howell, Co-President of Stonepeak and co-head of the Opportunities Fund, said, “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. We are excited to continue identifying differentiated, off-the-run investment opportunities and utilizing our structuring expertise to create value for our partners.”
Nikolaus Woloszczuk, Senior Managing Director at Stonepeak and co-head of the Opportunities Fund, added, “The significant support we’ve received for this Fund from new and longstanding partners alike is a testament to the quality of our team, our investment acumen, sector expertise, and global capabilities, and we are incredibly grateful for their continued confidence in us. By combining the resources of a large platform with our experience in middle-market investing, we believe we are well-placed to capitalize on the wide range of investment opportunities that we continue to see across each of our main target sectors.”
Simpson Thacher & Bartlett LLP acted as fund counsel.