Simpson Thacher Acted on Stonepeak’s $3.3 Billion Asia Infrastructure Fund Closure
Simpson Thacher Acted on Stonepeak’s $3.3 Billion Asia Infrastructure Fund Closure
Prominent law firm Simpson Thacher & Bartlett LLP played a pivotal role in advising Stonepeak during the final closure of the Stonepeak Asia Infrastructure Fund.
This fund, representing Stonepeak’s first dedicated Asia strategy, secured an impressive $3.3 billion in total capital commitments, surpassing its initial target of $3 billion. The demand came from both new investors and existing stakeholders from other Stonepeak funds. The fund’s primary objective is to construct a diversified portfolio of infrastructure assets, primarily focusing on the communications, transport and logistics, and energy sectors across the Asia-Pacific region – including both developed and high-growth countries.
Led by New York-based partners Jonathan Karen and Deborah Gruen, the Simpson Thacher team provided legal counsel to Stonepeak during this significant milestone. Their expertise played a crucial role in ensuring a successful closure.
Jack Howell and Luke Taylor, Co-Presidents of Stonepeak, emphasised the critical importance of infrastructure investment in Asia. As the region grapples with the increasing demand for digital assets, sustainable energy and modern logistics infrastructure, Stonepeak is well-positioned to address these pressing needs. The fund’s diverse group of limited partners includes investors from various regions, including pensions, endowments, insurance companies, and other large institutions. Notably, many of these investors are partnering with Stonepeak for the first time. With the final close of the fund, Stonepeak’s assets under management now total an impressive $61.1 billion.
Headquartered in New York, Stonepeak operates globally, with offices in Hong Kong, Houston, London, Singapore and Sydney. Their commitment to infrastructure development and real assets continues to drive value for investors and portfolio companies, emphasising downside protection and strong risk-adjusted returns.
