Stonepeak’s Ambitious Push in Asian Infrastructure
Stonepeak, a prominent U.S. private investment firm specializing in infrastructure, is preparing to launch a
second Asia-focused infrastructure fund as early as 2025, with a fundraising target of up to
$4 billion. This move comes shortly after the successful close of its inaugural Stonepeak Asia Infrastructure Fund, which garnered $3.3 billion in commitments, surpassing its initial target and underlining robust investor appetite for infrastructure opportunities across the Asia-Pacific region[1][6].
Focus Sectors and Regional Strategy
Stonepeak’s upcoming fund will continue the firm’s existing strategy of building a
diversified portfolio spanning communications, transport and logistics, and energy. These sectors are seen as crucial for the region’s growth as populations expand and economies modernize[1][6].
- Communications: Investments in digital infrastructure as data usage and connectivity rise.
- Transport & Logistics: Projects include ports, airports, and supply chain infrastructure to facilitate regional trade.
- Energy: Including both traditional and renewable assets, addressing the growing demand for reliable power.
Why Asia-Pacific?
Driven by rapid economic and demographic expansion, Asia-Pacific remains a compelling region for long-term infrastructure investment. Stonepeak’s Senior Managing Director and Head of Asia and the Middle East, Hajir Naghdy, stated that strong demand for the firm’s first Asia-dedicated fund demonstrates “Asia’s compelling long-term economic and demographic tailwinds”[1][6].
Stonepeak’s Local Footprint and Investment Track Record
Stonepeak is notable for its local presence, with over 49 employees across
offices in Hong Kong, Singapore, and Sydney, as well as operations in Seoul and Tokyo[1]. This enables the team to actively manage assets and partner effectively with portfolio companies across the region.
To date, Stonepeak’s first Asia fund has already made six investments in line with its sector focus[1][5][6]. The success of this first fund has built confidence with both new and existing limited partners.
Who Is Investing?
Stonepeak’s investor base includes some of the world’s largest institutional investors. Notable limited partners in the first Asia fund include:
- New Mexico Educational Retirement Board
- Border to Coast Pensions Partnership
- California State Teachers Retirement System (CalSTRS)
- Teachers Insurance and Annuity Association of America (TIAA)
- Hostplus Superannuation Fund[5]
Looking Ahead to 2025
Stonepeak’s planned second Asia infrastructure fund—the target size of $4 billion marks a significant step up from its predecessor—demonstrates the company’s confidence in the region’s ongoing need for infrastructure investment. The planned fundraising underlines Stonepeak’s ongoing commitment to supporting the Asia-Pacific’s development needs and delivering value to global investors[1][6].
Stonepeak’s planned second Asia infrastructure fund—the target size of $4 billion marks a significant step up from its predecessor—demonstrates the company’s confidence in the region’s ongoing need for infrastructure investment. The planned fundraising underlines Stonepeak’s ongoing commitment to supporting the Asia-Pacific’s development needs and delivering value to global investors[1][6].
Stonepeak’s planned second Asia infrastructure fund—the target size of $4 billion marks a significant step up from its predecessor—demonstrates the company’s confidence in the region’s ongoing need for infrastructure investment. The planned fundraising underlines Stonepeak’s ongoing commitment to supporting the Asia-Pacific’s development needs and delivering value to global investors[1][6].
