Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, announced today the final close of the Stonepeak Global Renewables Fund (GRF), a $2.75 billion fund focused on investing in a diverse portfolio of renewable energy assets in developed markets around the world.
GRF received commitments from more than 40 global investors from 15 different countries. GRF exceeded its original $1.25 billion target in early 2021 and completed at its increased $2.75 billion hard cap, due to the support from existing Stonepeak investors as well as new connections.
With over $37 billion in assets under management, Stonepeak is an alternative investment firm specialised on infrastructure and real assets. GRF’s goal is to both align and help accelerate the significant trends underlying the global energy sector’s continuous change, which are creating a strong pipeline of differentiated and interesting prospects ideally positioned to capitalise on investors. Stonepeak is currently also a part of Swancor Energy’s 4.4 GW offshore wind project in Taiwan. The project is expected to power 4.5 million homes. The portfolio would be spread over three sites: Formosa 4-1, Formosa 4-2 and Formosa 4-3, around 18 to 20 kms off the coast of Miaoli County.
