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
About us
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $71.2 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.
- Website
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http://www.stonepeak.com
External link for Stonepeak
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- New York, NY
- Type
- Partnership
- Founded
- 2011
- Specialties
- Infrastructure, Real Assets, Private Equity, Credit, and Real Estate
Locations
Employees at Stonepeak
Updates
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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.
euNetworks has today announced that it has closed on a €2.1 billion equity recapitalisation. Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG Asset Management (“APG”). The equity commitments follow the company’s recent debt refinancing and together will further euNetworks’ momentum as the company continues to scale and execute against its strategic priorities. “Since 2018, we have partnered with an industry-leading platform in euNetworks, which is leading the way in sustainably developing the next generation of essential bandwidth infrastructure in Europe. We’d like to thank the entire management team for their significant contributions during this period – particularly Brady Rafuse and Paula Cogan, who have led the business through many phases of its evolution. We look forward to stewarding the next chapter of euNetworks’ growth alongside our new partners.” Cyrus Gentry, Managing Director at Stonepeak “We are impressed by euNetworks’ focus on sustainable growth and providing high quality connectivity solutions to its customers on a pan-European level. We are thrilled to be entering into this partnership, on behalf of our pension fund client ABP and Asset Owner Partners, and we are eager to work closely with the euNetworks team as they continue to develop and further their strategic vision.” Arjan Reinders, Head of Infrastructure Europe at APG “As an investor in euNetworks since 2018, we take great pride in contributing to its growth and working with its high calibre management team to help the company achieve a market leading position in Europe. Alongside our co-shareholders, we look forward to continuing our partnership with euNetworks as they focus on building the next generation of bandwidth network in Europe, connecting more data centres and key sites with fibre, and leading the industry in sustainability practices.” Matthew Mendes, Managing Director, Head of Infrastructure, IMCO “euNetworks’ market-leading characteristics have contributed to its historical growth and we’re excited to partner with our co-shareholders to empower the euNetworks team to capture the strong industry tailwinds arising out of the acceleration in AI innovation and adoption. This is also a strong opportunity for us to further diversify our global digital infrastructure holdings into Europe.” Mark Hector, Head of Infrastructure at Aware Super J.P. Morgan acted as sole financial advisor to euNetworks. Simpson Thacher & Bartlett LLP and Campbell Lutyens acted respectively as legal counsel and financial advisor to Stonepeak. UBS and Baker McKenzie acted respectively as financial and legal advisors to APG. Gowling WLG acted as legal counsel to IMCO. https://eun.io/3AGOlRT Brady Rafuse Paula Cogan Kevin Dean Cyrus Gentry euNetworks Stonepeak Investment Management Corporation of Ontario (IMCO) APG Aware Super Mercer
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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
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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.
Have you heard? We reached a major milestone! 🎉 The 50th monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) was installed 33 miles off the coast of Virginia Beach, and we're on track to hit our target of 70 to 100 monopiles by the end of October. Once complete, CVOW will generate enough clean, renewable energy to power up to 660,000 homes. 💨🌊 Learn more about this milestone >> https://lnkd.in/ezCnWxfK
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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
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Stonepeak has agreed to form a joint venture with American Tower subsidiary CoreSite, a leading interconnection-focused data center platform in North America, to develop, construct, and operate an 18 MW data center (DE3) in the growing Denver, Colorado interconnection hub. Upon completion, DE3 will be the third asset in CoreSite’s established Denver platform, located less than 3.5 miles from DE1 and DE2. We believe DE3 customers will immediately benefit from the facility’s access to primary and redundant dark fiber connected to these existing facilities. We are excited to continue our partnerships with American Tower and CoreSite, having initially invested in CoreSite in July 2022, before upsizing the investment in October 2022, to accelerate investment behind key digitalization tailwinds in North America. Learn more: https://lnkd.in/eyDPmCew
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Stonepeak has completed its previously announced £450 million common and preferred equity investment in The AA, the leading provider of roadside assistance services in the UK. We are excited to formally begin our partnership with The AA, a critical component of the UK’s transportation system, and working alongside majority shareholders Warburg Pincus LLC and TowerBrook Capital Partners L.P., we look forward to helping the company accelerate its growth. Read more: https://lnkd.in/ebPU9mq8
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Stonepeak has entered into a definitive agreement to acquire Arvida Group Limited in a transaction valued at approximately US$1.25 billion including the assumption of debt. Arvida is a leading New Zealand-based operator of retirement villages, offering a range of living options to meet the needs of aged individuals. It is one of the largest retirement and aged care providers in the country, with 35 villages and the ability to develop upwards of 2,100 additional residences. With its established portfolio, attractive development pipeline, and long-term demand tailwinds, we believe Arvida represents a compelling investment opportunity with embedded infrastructure characteristics. We are excited to support the Arvida team as they continue to deliver quality services to aging communities and help drive the next phase of growth for the platform. Read more here: https://lnkd.in/epEBSN4v Read Arvida’s announcement here: https://lnkd.in/e9EGKZgu
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Stonepeak Credit has agreed to provide $150 million in debt financing to Omni Fiber, a regional Fiber Internet Service Provider backed by Oak Hill Capital. Omni Fiber, which launched in 2022, currently serves residential and business customers in more than 25 communities, and the additional financing will accelerate its expansion into even more communities across Ohio, Pennsylvania, and Michigan. We’re excited to support Omni Fiber in this next phase of its growth. Read more in the press release linked below.
We're proud to continue our rapid expansion in the Midwest!
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Stonepeak Senior Managing Director Anthony Borreca recently spoke with Infrastructure Investor about the role of port infrastructure in supporting the energy transition – a role that comes with many challenges and many opportunities. “To remain an attractive investment, ports need to grow, and they need to provide a valuable service to their customers and communities,” he says. “If you have a port that is largely focused on coal or crude oil transportation, you need to ensure you can continue growing and serving your customers as those fuels decline.” We believe ports that have the ability to offer diversified services in support of the energy transition can create attractive investment opportunities. Stonepeak portfolio company GeelongPort is one example, having handled more than 500,000 tons of turbine equipment for one of the largest onshore wind farms in Australia. To read the full article, click the link below.
Global ports are embracing the transition to net zero, and private investments are propping up everything from stronger quays to the bunkering of e-fuels. Anne-Louise Stranne Petersen and Daniel Kemp #FutureOfInfrastructure #EnergyTransition #EFuel #DirectInvestment #Transport #CoInvestment #CorePlus
The energy transition is setting ports on a greener route
infrastructureinvestor.com