The Teachers’ Retirement System of Louisiana (TRSL) has committed $50 million to Stonepeak Infrastructure Fund V (SIF V), subject to final term negotiations.
Managed by New York City–based Stonepeak, SIF V is seeking to raise $15 billion and will invest in core-plus, value-add opportunities in the form of 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.
TRSL has an existing relationship with Stonepeak, having committed $50 million to Stonepeak Infrastructure Fund IV in 2020 and $50 million to Stonepeak Infrastructure Fund III in 2017.
As of Nov. 30, 2023, 5 percent of TRSL’s $25 billion portfolio was allocated toward the infrastructure, commodity and farm asset class, slightly below T