Stonepeak Partners Is in Talks to Raise Debut Real Estate Fund

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.

One Stonepeak wager referenced in the talks is a joint venture with Stonemont Financial Group, people with knowledge of the matter said. Stonepeak and Stonemont, a real estate firm that focuses on industrial development, acquired a portfolio featuring warehouses leased to ...