Stonepeak Infrastructure Partners has so far raised $9.6bn (€8bn) for its fourth fund, according to an investor’s meeting document.
The Connecticut Retirement Plans and Trust Funds (CRPTF) said it is planning to make a $125m commitment to Stonepeak Infrastructure Fund IV, a fund seeking a $10bn capital raise, with a $12bn hard cap. A final close for the fund is expected next month.
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.
Connecticut is also considering a $100m commitment to BlackRock’s latest global renewable power fund.
According to BlackRock, the BlackRock Global Renewable Power Fund III fund has so far raised $3.7bn, exceeding the fund’s previously reported $2.5bn target.
CRPTF’s infrastructure consultant Meketa Investment said BlackRock expects to raise between $4bn to $4.5bn at the fund’s expected final close on 26 March.
The fund will focus on renewable power generation and energy storage and distribution and will be investing in the OECD regions of North America, Europe, Asia, Australia and Japan.
CRPTF is also planning to issue a $50m commitment to Rubicon First Ascent, a Rubicon Point Partners managed real estate fund seeking to raise $250m with $350m hard cap target to invest in US office and mixed-use properties.
According to NEPC, the pension fund’s real consultant, the value-add fund has so far raised $150m and is expected to have a final close in the second half of the year.
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