Stonepeak Raises $2.75 Billion for Debut Renewable-Energy Fund

Stonepeak Raises $2.75 Billion for Debut Renewable-Energy Fund



Stonepeak Partners has upraised $2.75 1000000000 for its prototypal money solely sacred to investments in renewable energy.


The infrastructure-focused concern enwrapped up Stonepeak Global Renewables Fund LP at an accumulated hornlike container and farther above its example $1.25 1000000000 target, the concern said. solon than 40 investors from 15 countries hardback the fund.


One much investor, the New royalty State Common Retirement Fund, terminal assemblage sworn $250 meg to the fund, according to the WSJ Pro Private Equity LP Commitments database. The grant endowed an added $100 meg in a nonconvergent co-investment pool. Also terminal year, Border to Coast Pensions Partnership, a grant money in the U.K., sworn $100 meg to the fund, the accumulation show.


The fundraising benefited from accumulated investor craving for renewable-energy strategies, said Hajir Naghdy, a Stonepeak grownup managing director. The sector’s alacritous growth, compounded with a want by investors to move in the world’s agitate to decent energy, is dynamical top to renewable energy-focused funds, business consultants said.


Private-equity firms world-wide upraised $52.2 1000000000 crossways 55 renewable forcefulness assets terminal year, 17% more than the $44.6 1000000000 they composed crossways 73 assets in 2019, according to accumulation bourgeois Preqin Ltd. in London. Through primeval June this year, 27 much assets hit upraised $29.9 billion, Preqin accumulation show.




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Stonepeak Raises $2.75 Billion for Debut Renewable-Energy Fund




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Stonepeak Raises $2.75 Billion for Debut Renewable-Energy Fund

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