(Reuters) – Investment firm Stonepeak debuted an infrastructure fund on Tuesday, targeting individuals with at least $5 million in investments as private equity firms expand their fundraising efforts beyond institutional investors.
Stonepeak specializes in infrastructure and real assets, investing capital on behalf of investors, including public and private pension funds, insurance companies, endowments and other large institutions from around the world.
The New York-based firm filed a registration for the Stonepeak-Plus Infrastructure Fund LP, which will focus on transportation logistics, digital infrastructure, and energy infrastructure sectors, according to a filing.
Private wealth has gained attention from major private equity players like Blackstone, KKR, which have established infrastructure vehicles to raise money from wealthy investors.
It had about $70 billion of assets under management, as of June 30, 2024.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru and Echo Wang in New York: Editing by Tasim Zahid)
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