The Maryland State Retirement and Pension System (Maryland SRPS) has committed $150 million to Stonepeak Opportunities Fund (SOF) and $200 million to Global Infrastructure Partners (GIP) Fund V.
Managed by the New York–based firm Stonepeak, SOF will invest globally in a diversified infrastructure portfolio, including digital infrastructure, energy transition, transportation and logistics, and social infrastructure sectors. SOF is targeting $2.5 billion in capital and will seek to capitalize on its investments through a value-add strategy.
Global Infrastructure Partners (GIP) Fund V, managed by Global Infrastructure Partners, is targeting $25 billion and will invest in diversified infrastructure sectors, including renewables, utilities, liquified natural gas, transport, water and waste, and digital infrastructure. The fund will invest primarily in OECD countries, though it is permitted to invest up to 15 percent of its capital in non-OECD countries as well.