Stonepeak has raised $1bn (€855.3m) for its second Asia infrastructure fund as of the end of the third quarter of the year, according to sources familiar with the fund.
The manager launched the capital raise for the Stonepeak Asia Infrastructure Fund II in May 2025, with a $4bn target. Stonepeak’s first Asia fund closed last year after raising $3.3bn.
Fund II’s investments will target a combination of communications, transportation, logistics and energy sectors.
Stonepeak declined a request for comment.
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