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Morgan Stanley Infrastructure Partners Completes Sale of Investment in Chicago Parking Meters

MS
  • Morgan Stanley Investment Management, via Morgan Stanley Infrastructure Partners, completed the sale of Chicago Parking Meters, LLC to Stonepeak.
  • The transaction involved partners Allianz & the Abu Dhabi Investment Authority.
  • CPM operates Chicago's on-street metered parking system, managing over 38,000 spaces, including nearly 10,000 in downtown Chicago.
  • CPM investments included modernizing infrastructure with electronic pay stations, a 24-hour customer service center, & the ParkChicago app.
  • Evercore served as financial advisor, A&O Shearman as transaction counsel, & Winston Taylor as special regulatory counsel for the sellers.
  • Morgan Stanley Infrastructure Partners manages approximately $17 billion in capital commitments across transportation, digital, energy transition, & water sectors.
  • Morgan Stanley Investment Management oversees $2.1 trillion in assets as of September 30, 2026.