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Alternative investments

Two US firms win $200 mn Korea Post infrastructure mandate

Dec 24, 2020 (Gmt+09:00)


Argo Infrastructure Partners and Stonepeak Infrastructure Partners were chosen as Korea Post’s new overseas infrastructure investment managers for a $200 million mandate this month, according to the postal services agency.

The two New York-based investment companies will receive $100 million each from the state agency.

Argo Infrastructure has an extensive track record of investing in regulated utilities, energy, renewables and transportation, with over $3 billion in assets under management. 

Stonepeak Infrastructure focuses on US middle-market infrastructure deals and targets low-risk traditional infrastructure assets, including power, transportation and utilities. It manages over $29 billion of capital for its investors.

Write to Sang-eun Lucia Lee at selee@hankyung.com

Yeonhee Kim edited this article.

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