Raymond Law, a Hong Kong-based principal at New York-headquartered infrastructure manager Stonepeak, has quit the firm, two sources said.

During his tenure, Law focused on renewables investments across the Asia-Pacific region.

It is not clear whether he has found a new role.

Law joined Stonepeak in 2019, according to his LinkedIn profile. Prior to joining Stonepeak, Law was a vice president at Macquarie Group, based in Taiwan.

Stonepeak employs over 50 staff across its offices in Hong Kong, Singapore, Sydney, Seoul, and Tokyo, most of which are deal team members. The manager is planning to grow its team in the region as deal activity ramps up, one source said.

The fund manager reached final close on the USD 3.3bn Stonepeak Asia Infrastructure Fund in March last year. It was 42.56% deployed and had achieved a net IRR of 9.4% as of 30 September 2024, according to Infralogic data.

Since 2019, Stonepeak has made the following investments in APAC renewables, according to its website:

• Asia Energy Storage Platform, initially focusing on Japan, established alongside Singapore developer CHC Energy (investment date: May 2024);
• TerraWind Renewables, a Japan-focused onshore wind platform, jointly established with Japan’s Shizen Energy (investment date: March 2024);
• Singapore-headquartered AGP Sustainable Real Assets (investment date: January 2024);
• Singapore-headquartered Peak Energy, a renewables platform focused on Japan, South Korea, and Taiwan (investment date: August 2020); and
• Taiwanese offshore wind developer Synera Renewable Energy (investment date: October 2019).

Last year, Stonepeak saw Brad Kim, a managing director in South Korea, leave the firm to join BlackRock’s APAC Diversified Infrastructure team.

Stonepeak declined to comment.