The Missouri Local Government Employees Retirement System (LAGERS) has confirmed a $75 million commitment to an infrastructure fund managed by Stonepeak.
Stonepeak Opportunities Fund is a closed-end fund investing in middle-market diversified infrastructure deals in North America and Europe. A fundraising target for the vehicle was not confirmed at the time of publication.
Missouri LAGERS previously committed a total of $175 million across Stonepeak’s flagship infrastructure funds, Stonepeak Infrastructure Fund III and Fund IV, a spokesperson for the pension fund confirmed in an email.
Missouri LAGERS also recently announced its appointment of Bill Betts as executive director, following the retirement of current director Robert Wilson. Betts will step into the new role on Jan. 3, 2023.