Stonepeak closes Asia Infrastructure Fund at $3.3 billion

Stonepeak, an alternative investment firm, has announced the closure of its Asia Infrastructure Fund, amassing $3.3 billion in capital commitments. The achievement marks Stonepeak's first foray into a dedicated Asia strategy, surpassing its initial target of $3 billion.

The fund attracted significant interest, drawing in both new and existing investors.

The fund's strategic focus

The Asia Infrastructure Fund is set to construct a diversified portfolio across key sectors: communications, transport and logistics, and energy.

With a broad geographic mandate, the fund aims to capitalize on opportunities in both developed and high-growth countries across the Asia-Pacific. Already, six investments have been made across the target sectors, demonstrating the fund's active engagement in realizing its strategic vision.

Leadership insights

Hajir Naghdy 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 capitalise on the associated investment opportunities.”

Jack Howell and Luke Taylor, co-presidents of Stonepeak, said: “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.”

Stonepeak's expanding  footprint

With a dedicated team of 49 employees across Hong Kong, Singapore, Sydney, Seoul, and Tokyo, Stonepeak is well-positioned to support its portfolio companies throughout the region. The expansion not only strengthens Stonepeak's presence in Asia but also contributes to its global strategy of investing in infrastructure and real assets, with total assets under management now standing at $61.1 billion.