Two US firms win $200 mn Korea Post infrastructure mandate
Sang-eun Lucia Lee
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.