Stonepeak pulls in $820M toward $1.5B real estate fund
What's the deal? StonepeakDealroom has a profile for this one. Try Dealroom → has raised $820 million for Stonepeak Real Estate Partners II, its second real estate fund, which targets $1.5 billion.
Why it matters: The capital marks progress toward the fund's $1.5 billion goal, giving Stonepeak fresh firepower for real estate deals and putting the vehicle past its halfway mark.
The signal: Clearing the halfway point on its second dedicated real estate fund is a sign of continued institutional appetite for the asset class.
Read more: IPE Real Assets
Image credit: Dimitry B
