US-based Stonepeak raises $3.3bn for its Asia Infrastructure Fund, surpassing $3bn target.

US-based Stonepeak, an alternative investment firm, has raised $3.3bn for its Stonepeak Asia Infrastructure Fund, its first dedicated Asia fund. This surpassed its $3bn target, as demand from new and existing investors increased. Stonepeak's total assets under management now stand at $61.1bn. The new fund will invest in telecom, transportation, logistics, and energy transition sectors across the Asia-Pacific region.