Stonepeak is seeking to raise between $15 billion and $20 billion for its next flagship infrastructure fund, Stonepeak Infrastructure Fund V, to be launched in 2023, people with knowledge of the matter told Reuters. Stonepeak has begun speaking with investors to gauge their interest in the fund launch.
Stonepeak Infrastructure Fund V will invest in assets such as utilities, data centers, ports and railways. The fund’s predecessor, Stonepeak Infrastructure Fund IV, closed in February at $14 billion. The fund was oversubscribed, with demand exceeding its hard cap of $12 billion, according to the firm. SIF IV invests across the infrastructure spectrum in sectors such as renewable and gas-fired power generation, utilities, midstream energy, communications, water, and transportation assets in the United States.
The previous fund, Stonepeak Infrastructure Fund III, closed at $7.2 bi
