Stonepeak Partners is planning to raise $2.5bn (€2.3bn) for its new infrastructure fund, according to an investors meeting document.

According to the document, the Teachers’ Retirement System of Louisiana has approved a $50m commitment to the Stonepeak Opportunities Fund.

The Opportunities Fund targets investment opportunities in North America or Europe.

As previously reported Stonepeak is buying a 50% interest in Key Access Pipeline System. According to the meeting document, the Stonepeak fund is expected to complete the acquisition in the current quarter of the year.

Stonepeak declined a request for comment.

Louisiana Teachers has also approved a $50m commitment to Global Infrastructure Partners V.

Global Infrastructure Partners is seeking to raise $25bn for the global fund to target investments in the energy, transportation, water/waste and digital infrastructure sectors.

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