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Morgan Stanley's infrastructure fund closes exit from Chicago parking operator

Funds run by Morgan Stanley Infrastructure Partners have sold Chicago Parking Meters to Stonepeak. Terms were not disclosed, according to TradingView.

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what happened

Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP) have completed the sale of Chicago Parking Meters, LLC to Stonepeak. The information comes from a press release issued by Morgan Stanley Investment Management and was reported by TradingView. MSIP's partners in the deal, Allianz and a wholly owned subsidiary of the Abu Dhabi Investment Authority, were co-sellers.

CPM operates Chicago's on-street metered parking, with more than 38,000 spaces, nearly 10,000 of them downtown. During its ownership it upgraded the system with electronic pay stations, a 24-hour customer service center and the ParkChicago app. Jim Wilmott, Managing Director at MSIP, said the firm executed on key value creation levers and built a leading parking concession.

why it matters

The price and proceeds were not disclosed, so investors cannot assess the return on the funds' stake. For markets the deal is mainly a sign of continued buyer interest in infrastructure assets with steady, predictable cash flows.

tags

MergerAcquisitionStockUnited States

instruments

Morgan StanleyStonepeak

sources

  1. Morgan Stanley Infrastructure Partners Completes Sale of Investment in Chicago Parking Meters — TradingView, 21 October 2026 at 21:50 UTC
  2. Morgan Stanley Investment Management Sells Chicago Parking Meters to Stonepeak — TradingView, 21 October 2026 at 21:50 UTC
  3. Morgan Stanley Infrastructure Partners Completes Sale Of Investment In Chicago Parking Meters — Reuters, 21 October 2026 at 22:06 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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