Publications

- October 1, 2017: Vol. 10, Number 9

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New Mexico Educational commits $50m to infrastructure: Stonepeak Infrastructure selected

by Jody Barhanovich

The $11.7 billion New Mexico Educational Retirement Board has committed $50 million to Stonepeak Infrastructure Partners III, according to Bob Jacksha, CIO of the pension fund.

Stonepeak Infrastructure Partners is a North America–focused private equity firm with an opportunistic approach to infrastructure investing. Stonepeak invests in businesses comprised of hard assets with leading market positions primarily in energy, power and renewables, transportation, utilities, water, and communications.

The fund’s predecessor, Stonepeak Infrastructure Partners II, held a $3.5 billion final close in 2015, reaching its maximum fundraising target. The majority of the capital commitments to Fund II came from investors who also participated in Fund I.

Stonepeak’s investment portfolio includes a joint venture with Cogent Energy Solutions and Granite Peak Development to jointly develop, construct and operate crude oil rail infrastructure in Casper, Wyo.; a diversified,

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