Stonepeak

Stonepeak Senior Managing Director Ryan Chua recently spoke with Infrastructure Investor about the Taiwanese offshore wind sector, including the adoption of floating vs. fixed-bottom technology in Taiwan, and the increasingly prominent role that Stonepeak portfolio company Synera Renewable Energy is playing in advancing the ongoing energy transition in the region. Read more here: https://lnkd.in/ddREx2Wi

We are excited to share that Stonepeak has established a presence in Abu Dhabi, UAE, having received Financial Services Permission to operate in Abu Dhabi Global Market (ADGM). We are eager to expand our network for potential investment opportunities, continue to strengthen our relationships with our partners, and offer even better access to Stonepeak’s global infrastructure platform in the region. Read more: https://lnkd.in/eF8U8btM

At last week’s Infrastructure Investor Forum in London, Stonepeak Senior Managing Director Nikolaus Woloszczuk joined peers on the conference’s opening keynote panel for a discussion on the relative value infrastructure provides. The panel covered a range of topics, including the role of infrastructure equity and debt, how investors are addressing portfolio diversification, and where in Europe we’re seeing the most compelling opportunities to capitalize on the megatrends powering the global economy, including deglobalization, digitalization, and decarbonization.

Stonepeak and MIESCOR (Meralco Industrial Engineering Services Corporation) joint venture MIDC (MIESCOR Infrastructure Development Corporation) has completed its combination with PhilTower, creating one of the largest independent telecommunications towers companies in the Philippines. Together, MIDC and PhilTower are well positioned to address the region’s growing demand for 4G and 5G mobile network connectivity.   This is an exciting milestone for both MIDC and PhilTower and we look forward to working with our partners in the combined entity as it seeks to become a market leader in digital infrastructure.   Learn more: https://lnkd.in/em9M9qCH

Earlier this week, Stonepeak Chairman, CEO, and Co-Founder Michael Dorrell participated in a discussion at IPEM Paris with panelists from Intermediate Capital Group (ICG), State Board of Administration of Florida, and LGT Capital Partners focused on how GPs and LPs alike are managing increased complexity across an ever-evolving investment landscape. Bringing the infrastructure perspective to the panel, Michael discussed the importance and benefit of duration in infrastructure investing, the resilience of the asset class in different interest rate environments, and the outlook for private markets more broadly.

Stonepeak has acquired two logistics assets in Texas totaling 1.1 million square feet. The assets are strategically located in the Alliance submarket of Dallas-Fort Worth – an attractive logistics market anchored by two Class I rail lines, the BNSF Alliance intermodal terminal, and the Fort Worth Alliance cargo airport. We continue to believe in the value of real estate adjacent to critical transport infrastructure and are thrilled to add these high-quality assets to our growing portfolio. Read more: https://lnkd.in/erY_JeA3   Learn more about Stonepeak’s approach to real estate investing: https://lnkd.in/eXmyU6QD

Stonepeak portfolio company euNetworks, a Western European bandwidth infrastructure company, today announced that it has closed on a €2.1 billion equity recapitalization led by Stonepeak, Mercer, Aware Super, Investment Management Corporation of Ontario (IMCO), and APG Asset Management. We are excited to steward the next chapter of euNetworks’ growth alongside our new partners. The recapitalization reflects Stonepeak’s continued momentum in Europe, where we’ve rapidly expanded to 25 employees and committed approximately $4.5 billion, including co-investment, to five investments in critical infrastructure businesses across the continent. Learn more about this latest transaction in the press release linked below.

Please join us in warmly welcoming Stonepeak’s 2024 investment team associate class! Last week, the firm’s 2024 U.S. and London investment team associates convened in New York for a week focused on training, development, and building relationships. Stonepeak’s investment team associates are central to the work that we do, throughout the investment lifecycle, to deliver value for our partners. We look forward to all that they will accomplish as they embark on their careers at the firm. Learn more about life at Stonepeak: https://lnkd.in/e_MxA2gP

Yesterday, Dominion Energy announced the latest milestone in the construction of the Coastal Virginia Offshore Wind project (CVOW), with the installation of its 50th monopile foundation. Stonepeak previously reached an agreement with Dominion to acquire a 50% interest in CVOW. When complete, CVOW will consist of 176 turbines producing 2.6 GW of renewable energy – enough to power up to 660,000 homes and generate customer fuel savings of $3 billion over the first 10 years of operation. Learn more in the press release linked below.

Stonepeak today announced the final close of its Stonepeak Opportunities Fund with $3.15 billion in total capital commitments. Learn more below and using the link here: https://lnkd.in/esKhmkn2