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Stonepeak Fund Hits $7.2B Cap With Help From Simpson

Law360 (July 16, 2018, 2:37 PM EDT) -- Stonepeak Partners, with assistance from legal adviser Simpson Thacher & Bartlett LLP, has clinched its latest infrastructure-focused fund after securing $7.2 billion from investors, the New York-headquartered private equity shop said on Monday.

The fund, billed as Stonepeak Infrastructure Fund III, significantly eclipsed its original target of $5 billion. Capital came in from more than 100 different limited partners spread throughout North America, Europe, Asia, the Middle East, Australia and Latin America, according to a statement.

“Our team is laser-focused on continuing to responsibly deliver outstanding...
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