The Orange County Employees Retirement System (OCERS) has committed $75 million to Stonepeak Infrastructure Fund V (SIF V), confirmed Mary-Joy Coburn, director of communications, OCERS.
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.
SIF IV also received a $75 million commitment from OCERS in August 2020, and Stonepeak Opportunities Fund received a $50 million commitment in December 2023.