U.S. law firm Simpson Thacher & Bartlett has advised New York-headquartered alternative investment firm Stonepeak on raising $3.3 billion for its Stonepeak Asia Infrastructure Fund, its first fund dedicated to Asia.

The firm was quoted by Reuters as saying that it had exceeded its $3 billion target after receiving "robust demand from new investors and existing investors in other Stonepeak funds." Reuters added that Stonepeak focuses on infrastructure and real estate and has $61.1 billion worth of assets under management as of September.

Partners Deborah Gruen and Jonathan Karen led the Simpson Thacher team. The firm also recently advised PE fund CVC Capital Partners on the establishment of its sixth Asia fund, CVC Capital Partners Asia VI, which raised $6.8 billion.