Connecticut Retirement considers $200m commitment to Stonepeak
Infrastructure - NOVEMBER 15, 2023

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Connecticut Retirement considers $200m commitment to Stonepeak

by Lewis Dayton

Connecticut Retirement Plans and Trust Funds (CRPTF) is considering a $200 million commitment to Stonepeak Infrastructure Fund (SIF) V.

Managed by New York-based Stonepeak, SIF V is seeking to raise $15 billion and will invest in large, high-quality, essential infrastructure assets primarily within the transportation and logistics, energy and energy-transition, and communications sectors.

SIF V will invest primarily within the United States and Canada and has a limit to invest no more than 25 percent of its capital outside of those countries.

Stonepeak is expecting to hold a first close for SIF V in December, CRPTF meeting documents show.

CRPTF had committed $125 million to SIF IV in 2021. SIF IV closed in February 2022 after raising $14 billion of capital, having surpassed its $12 billion initial target for the fund.

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