Ocean container and logistics provider CMA CGM today raised $2.4 billion to accelerate investments in its maritime port terminals, which span 10 global properties including the U.S. facilities Los Angeles Fenix Marine Services and Port Liberty terminals in New York and Bayonne. CMA CGM raised the money by creating a joint venture with the New York-based infrastructure investment firm Stonepeak to manage those properties, and selling a 25% minority stake in the business to Stonepeak itself. CMA CGM will retain full operational control of the joint venture, called United Ports LLC. However, it could grow larger since the joint venture may raise additional funds to acquire new terminal projects in the U.S. and globally, CMA CGM said. As part of the transaction, Stonepeak will have the opportunity to contribute an additional $3.6 billion in funding for future joint terminal projects.