Stonepeak has set a $4 billion target for its second Asia-focused infrastructure fund, a source with direct knowledge of the matter told Reuters.
The firm expects Stonepeak Asia Infrastructure Fund II to hit $1 billion by the end of October, four months after its launch in May.
The firm’s diversified Asia Pacific infrastructure strategy targets core-plus and value-added infrastructure assets across developed Asian markets predominantly within the digital infrastructure, transport and logistics, and energy and energy-transition subsectors.
The firm’s first dedicated Asia strategy, Stonepeak Asia Infrastructure Fund, closed in March 2024 with $3.3 billion in capital commitments.
