Stonepeak Closes On $1.65B For Infrastructure Fund

Law360, New York (October 9, 2013, 4:40 PM EDT) -- New York private equity firm Stonepeak Infrastructure Partners, run by former Blackstone Group LP executives, has closed its first fund with $1.65 billion in assets and will commit capital to North American middle market infrastructure investments, Stonepeak said Wednesday.

The firm had initially targeted $1 billion for the Stonepeak Infrastructure Fund I, which was significantly over-subscribed and reached its hard cap. Stonepeak plans to focus on the energy, power, transportation, water and utilities sectors in North America.

Stonepeak is run by the former infrastructure investment team...
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