The Employees’ Retirement System of Rhode Island (ERSRI) has backed Stonepeak Opportunities Fund (SOF). The Rhode Island Employees Retirement Systems Pooled Trust invested $25 million in the fund, and Rhode Island OPEB System Trust invested $2 million.
SOF targets the digital infrastructure, energy transition, transportation and logistics, and social infrastructure sectors. The vehicle has a $2.5 billion fundraising target.
ERSRI previously committed $43 million to Stonepeak Infrastructure Partners Fund II (SIF II), a 2016 vintage fund; $35 million to Stonepeak Infrastructure Partners Fund III (SIF III), a 2018 vintage fund; $50 million to Stonepeak Infrastructure Partners Fund IV (SIF IV), a 2020 vintage fund; and $30 million to Stonepeak Master Co-Investment Partners (SMCP), a vehicle structured to co-invest in parallel with SIF II, III & IV.
The Rhode Island Employees Retirement Systems Pooled Trust has a 4 percent target allocation for private real ass
