SINGAPORE, March 8 (Reuters) - Stonepeak, a New
York-headquartered alternative investment firm, on Friday said
it has raised $3.3 billion for its Stonepeak Asia Infrastructure
Fund, its first fund dedicated to Asia.
The firm said it exceeded its $3 billion target after
receiving "robust demand from new investors and existing
investors in other Stonepeak funds."
Stonepeak focuses on infrastructure and real estate and has
$61.1 billion worth of assets under management as of September.
"The strong demand for this fund underscores Asia's
compelling long-term economic and demographic tailwinds," Hajir
Naghdy, Stonepeak senior managing director and head of Asia and
the Middle East, said in a statement.
Stonepeak said the new fund targets a diversified portfolio
of infrastructure assets mainly in communications, energy,
transport and logistics across the Asia-Pacific region.
The fund has made six investments spanning each of its
target sectors so far, Stonepeak said.
The new fund adds to a flurry of activity in Asia-Pacific
infrastructure and energy in recent years.
In February, KKR & Co ( KKR ) said it raised $6.4 billion
for a fund focused on Asia-Pacific infrastructure and
energy-related assets in what it said was the largest
pan-regional infrastructure fund raised for the region.