Stonepeak Infrastructure Partners is planning a $13.2bn (€11.7bn) second close this month for its fourth fund, according to people familiar with the matter.
The Stonepeak Infrastructure Fund IV fund, which is reportedly seeking a $10bn capital raise, had a $7bn first close in April this year. Stonepeak raised $7.2bn for the third infrastructure fund in July 2018.
US public pension funds, the Teacher Retirement System of Texas and the Virginia Retirement System each said they have recently committed $200m and $150m respectively to the latest value-add fund. The Employees Retirement System of Texas said it has also committed $100m to the Stonepeak fund.
The fund will be looking to acquire infrastructure assets mostly in North America in the areas of the US and Canada. The balance is expected to be invested in other areas like Western Europe or Asia.
Stonepeak did not respond to a request for comment.
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