Simpson Thacher has advised Stonepeak in the final closure of the Stonepeak Asia Infrastructure Fund with USD3.3 billion in total capital commitments.
New York-based partners Jonathan Karen and Deborah Gruen led the team at Simpson Thacher.
“This is a critical time for infrastructure investment in Asia as the need for digital assets, less carbon-intensive energy, and modern logistics infrastructure becomes increasingly pressing in the region,” said Jack Howell and Luke Taylor, co-presidents of Stonepeak.
The fund garnered support from every region, including new and existing stakeholders from other Stonepeak funds, surpassing its initial target of USD3 billion.
Stonepeak is a leading alternative investment firm specialising in infrastructure and real assets headquartered in New York with offices in Hong Kong, Houston, London, Singapore and Sydney.
