During its private markets committee meeting on Dec. 1, the Washington State Investment Board (WSIB) has approved recommendations to invest a total of $800 million in two infrastructure funds managed by Stonepeak and Global Infrastructure Partners.
The WSIB plans to commit as much as $500 million in a parallel investment vehicle alongside Stonepeak Core Fund (A). Stonepeak Core Fund (A) is an open-end vehicle managed by Stonepeak Infrastructure Partners. The fund targets mature infrastructure investments within key focus areas including communications, energy transition, and transportation and logistics, primarily across OECD countries. Within these sectors, the fund emphasizes investments with defensive attributes, including stable cash flows and high barriers to entry.
The WSIB has committed more than $2.4 billion across all four of Stonepeak’s flagship funds and two co-investment vehicles.
The WSIB also will invest as much as $300 million in Global Infrastr
