Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has held the final close of Stonepeak Asia Infrastructure Fund with US$3.3 billion in total capital commitments, over its original US$3 billion target.

Stonepeak's inaugural dedicated Asia strategy fund has garnered significant backing from both new and existing investors across various Stonepeak funds. This fund aims to construct a varied portfolio of infrastructure assets primarily within the communications, transport and logistics, and energy sectors. Its geographical scope encompasses the Asia-Pacific region, spanning developed and high-growth countries alike. As of now, the fund has executed six investments, covering each of its targeted sectors. The fund's investor base is diverse, including contributors from all regions such as pensions, endowments, insurance companies, and other sizable institutions, many of whom are partnering with Stonepeak for the first time. Following the fund's final close, Stonepeak's total assets under management amount to US$61.1 billion. Simpson Thacher & Bartlett LLP served as the fund counsel.