The London-based firm expects to launch a fourth fundraising series later this year as it seeks to reach its €5bn hard-cap for EDIF III.
The target is four times the original $1.25bn Stonepeak sought for its maiden effort, which closed on $2.75bn in July 2021.
-80x80.jpeg "Japan’s GPIF makes first direct infra commitment with $300m for Brookfield Fund V")
The world’s largest pension, GPIF, has committed a further $300m to co-investments alongside Brookfield Fund V.
Palisade’s new open-end fund will focus on mid-market infrastructure across three verticals: renewables, digital infrastructure and transport.
The European-focused fund manager has already deployed more than 40% of Arcus European Infrastructure Fund 3 across four companies.
Stonepeak's head of Asia Hajir Naghdy discusses how the firm is taking its global investment approach to Asia to take advantage of ‘multi-decade’ investment tailwinds.
Credit fundraising surpasses $172bn as tailwinds point to more optimism.
Stonepeak is the latest major player to close a sizeable pan-Asia fund, having made six investments from the vehicle already.
Half a year after CVC Capital Partners' takeover, the Dutch manager has surpassed targets for both of the funds it launched two years ago.
Head of APAC infra David Luboff says the firm’s Asian infra strategy has played out ‘better than I could have ever hoped’.