# Morgan Stanley Infrastructure Partners Completes Sale of Chicago Parking Meters to Stonepeak

> Morgan Stanley Investment Management completed the sale of Chicago Parking Meters, which runs more than 38,000 metered spaces, to Stonepeak.

- Published: 2026-10-22T00:17:59+00:00
- Section: Divestitures
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-22/morgan-stanley-chicago-parking-meters-stonepeak-sale
- Source: [Business Wire](https://www.businesswire.com/news/home/20261021088511/en/)

## Key takeaways

- Morgan Stanley Investment Management completed the sale of Chicago Parking Meters, LLC to Stonepeak on October 21, 2026.
- Chicago Parking Meters operates more than 38,000 metered parking spaces in Chicago, including nearly 10,000 downtown.
- Evercore acted as financial advisor and A&O Shearman acted as transaction counsel on the sale.

Morgan Stanley Investment Management completed the sale of Chicago Parking Meters, LLC to [Stonepeak](https://akta.pro/company-profiles/0000244/stonepeak), transferring a business responsible for more than 38,000 metered parking spaces in Chicago, including nearly 10,000 downtown. [Business Wire](https://www.businesswire.com/news/home/20261021088511/en/) published the announcement on October 21, 2026. The price was not disclosed.

## Morgan Stanley's Chicago Parking Meters Sale to Stonepeak

Morgan Stanley Investment Management, through funds managed by Morgan Stanley Infrastructure Partners, its private infrastructure investment platform, sold Chicago Parking Meters together with its partners [Allianz](https://akta.pro/company-profiles/0000j2c/allianz) and a wholly owned subsidiary of the Abu Dhabi Investment Authority, the company said. Chicago Parking Meters handles the operation, management and maintenance of Chicago's on-street metered parking system. Since inception, the business has invested in upgrading the city's infrastructure, including electronic pay stations, a 24-hour customer service center and the ParkChicago app.

"Over the course of our ownership in CPM, MSIP has been able to execute on key value creation levers and grow the business into a leading parking concession with best-in-class management, technology and operations," said Jim Wilmott, Managing Director for MSIP.

Evercore acted as financial advisor, A&O Shearman acted as transaction counsel and Winston Taylor served as special regulatory counsel to MSIP and its partners. [TradingView](https://www.tradingview.com/news/business_wire:36744929e1a89:0-morgan-stanley-infrastructure-partners-completes-sale-of-investment-in-chicago-parking-meters/) named Evercore and A&O Shearman as advisors on the transaction. [The future of trading](https://capital.com/en-int/news/morgan-stanley-infrastructure-partners-partners-complete-sale-of-chicago-parking) noted that Allianz and a wholly owned subsidiary of the Abu Dhabi Investment Authority also sold.

Stonepeak, the buyer, announced in September 2026 an equity investment in AMPYR Distributed Energy, a distributed energy platform launched in 2024 with AGP that has contracted 250MW of renewable projects across 200 sites, according to FinancialContent Business Page.

## Morgan Stanley Investment Management's Recent Moves

Morgan Stanley Investment Management closed its inaugural North Haven Growth & Innovation Fund at $1.3 billion in September 2026, oversubscribed with capital commitments, with the firm and affiliates collectively committing 24% of the fund, Stock Titan reported. The firm also led a €49 million Series E round for Amber Electric, an Australian energy flexibility platform, in September 2026, with E.ON participating, according to FinancialContent Business Page. In October 2026, Morgan Stanley Investment Management sought shareholder approval to convert eight Eaton Vance municipal bond funds holding nearly $10 billion into actively managed ETFs, 247wallst reported.

## Next Steps for the Chicago Parking Meters Business

Morgan Stanley Investment Management said the sale of Chicago Parking Meters to Stonepeak has been completed. The announcement did not state further dated steps for the transaction.

## Companies in this story

- Morgan Stanley Investment Management · website: https://www.morganstanley.com/im
- [Stonepeak company profile](https://akta.pro/company-profiles/0000244/stonepeak) · website: https://stonepeak.com
- [Allianz company profile](https://akta.pro/company-profiles/0000j2c/allianz) · website: https://www.allianz.com

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