Stonepeak Infrastructure Gets $350 Million From Landmark
- Firm led by ex-Blackstone dealmakers plans new investments
- Stonepeak will add capital to its latest $7.2 billion fund
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Stonepeak Infrastructure Partners, a firm founded by former Blackstone Group LP dealmakers, is receiving a $350 million preferred equity investment from Landmark Partners in part to diversify its holdings.
The transaction calls for $100 million in upfront cash and $250 million that can be drawn over time, according to a person familiar with the matter who asked not to be identified because the information is private. The capital will give the firm flexibility to make investments beyond the limits set in its current funds, according to a Stonepeak memo to investors seen by Bloomberg.