Stonepeak has received a $250 million investment from the Maryland State Retirement and Pension System (SRPS) for its open-end Core Fund.
The commitment was made in the first quarter of 2025, a spokesperson from the pension fund confirmed.
Stonepeak Core Fund has an initial target of $5 billion and will target core infrastructure assets across developed markets, such as North America, Europe, Australia and New Zealand. The fund already has crossed the $3 billion mark, according to recent filings with the SEC.
The vehicle focuses on long-term investments in essential infrastructure assets that provide stable, inflation-linked cash flows. Sectors include digital infrastructure, transportation and logistics, and energy and energy transition.
Maryland SRPS also previously committed $150 million to the Stonepeak Opportunities Fund in 2023. The pension fund has a total of $70.8 billion in assets under management. Private infrastructure represented 1.1 percent o
