Cathay Life backs Stonepeak’s latest fund

Taiwanese life insurer invests in a North America-target infrastructure fund.

Taiwanese insurer Cathay Life Insurance has committed $60 million to Stonepeak Infrastructure Partners’ third infrastructure fund.

The commitment represents approximately 1.2 percent of the target size of Stonepeak Infrastructure Fund III. `

Stonepeak launched the $5 billion vehicle this year to invest in energy, renewables and transportation infrastructures in North America region.

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