Deals
Stonepeak Partners Is in Talks to Raise Debut Real Estate Fund
- Investment firm previously focused solely on infrastructure
- Stonepeak was part of group that bought the Cosmopolitan
Stonepeak teamed up with Blackstone Real Estate Income Trust and the Cherng Family Trust to buy real estate associated with the Cosmopolitan casino and hotel.
Photographer: Bridget Bennett/BloombergThis article is for subscribers only.
Stonepeak Partners, an alternative asset manager that has long focused on infrastructure, is planning to raise its first dedicated real estate fund, according to people with knowledge of the matter.
The New York-based firm has begun discussions with potential investors during which it has highlighted existing real estate bets, the people said. The fund’s size hasn’t been finalized.