Stonepeak Investments is a leading global private equity firm that specializes in infrastructure and alternative investment strategies. They have a strong presence in North America, Europe, and Asia.
Stonepeak was founded in 2016 by a team of experienced investment professionals with a deep understanding of the infrastructure sector. Their mission is to create long-term value for their investors by investing in high-quality infrastructure assets.
Stonepeak's investment strategy focuses on mid-market infrastructure investments, which typically involve acquiring a majority stake in a company or project. They have a strong track record of success, with a portfolio of investments that includes energy, transportation, and telecommunications assets.
Stonepeak has a team of experienced professionals with a deep understanding of the infrastructure sector, which enables them to identify and invest in high-quality assets.
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Locations and Operations
Stonepeak has a global presence with offices in several key locations.
Stonepeak's main office is located at 55 Hudson Yards, 48th Floor, New York, NY 10001, US.
You can also find them at 600 Travis Street, Suite 6550, Houston, Texas 77002, US.
Their office in Hong Kong is located at Unit 706-7, Champion Tower, 3 Garden Road, Central, Hong Kong 0, HK.
In Australia, they are based at Grosvenor Place, 225 Georges Street, Level 32, Suite 32.01, Sydney, NSW 2000, AU.
Additionally, they have offices in London at 58 Grosvenor Street, London, England W1K 3JB, GB.
Their office in Singapore is located at 1 Temasek Avenue, #09-01 Millenia Tower, Singapore, 039192, SG.
Stonepeak operates in multiple regions, including Investment Management, Venture Capital and Private Equity Principals, and Financial Services.
Some of their specific locations for Financial Services include New York, New York, and Sydney, NSW.
You can also find them in other locations such as Miami, FL, and Stockholm, Stockholm County.
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Updates
Stonepeak has been making waves in the industry with its recent updates. In February 2024, the company announced an agreement with Dominion Energy to acquire a 50% interest in its Coastal Virginia Offshore Wind project.
Stonepeak has also been involved in various acquisitions and investments over the years. In December 2022, affiliates of Stonepeak Partners LP sold Madison Energy Investments to the EQT Infrastructure VI fund.
The company has also made significant progress in the renewable energy sector. Northwest Advanced Bio-Fuels, LLC, a developer of renewable bio-jet fuel refineries, executed a Memorandum of Understanding with Stonepeak in April 2021.
Stonepeak's infrastructure funds have also been attracting significant investments. The Stonepeak Infrastructure Fund IV achieved its first close in June 2020, raising US$6.2 billion, with a target amount of US$10 billion.
Stonepeak has also secured investments from various public pension funds. The Oregon Public Employees Retirement Fund approved a US$500 million commitment to the Stonepeak Infrastructure Fund IV in March 2020.
Here are some key updates on Stonepeak's recent activities:
- February 2024: Acquired 50% interest in Coastal Virginia Offshore Wind project with Dominion Energy.
- December 2022: Sold Madison Energy Investments to EQT Infrastructure VI fund.
- April 2021: Executed Memorandum of Understanding with Northwest Advanced Bio-Fuels, LLC.
- June 2020: Achieved first close of Stonepeak Infrastructure Fund IV, raising US$6.2 billion.
- March 2020: Secured US$500 million commitment from Oregon Public Employees Retirement Fund.
Founding and Structure
Stonepeak was founded by a team of experienced professionals who brought a unique set of skills to the table. Michael Dorrell is the Chairman, CEO and Co-Founder of Stonepeak. He has been instrumental in shaping the company's vision and direction.
Stonepeak's leadership is built around its founding members, with Michael Dorrell at the helm.
Details and Codes
Stonepeak's NAICS codes are a key part of understanding the company's industry classification. The NAICS codes for Stonepeak are 523, 52, 523920, 52392, and 5239.
These codes are important for businesses and individuals who need to categorize and identify Stonepeak's activities. Stonepeak's NAICS codes indicate its involvement in various financial and investment activities.
The specific codes, such as 523920 and 52392, further break down Stonepeak's involvement in specific types of investment activities.
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Frequently Asked Questions
Is Stonepeak owned by Blackstone?
No, Stonepeak is not owned by Blackstone, as it was spun off as an independent firm in 2011. Stonepeak was initially established as Blackstone's infrastructure investment unit in 2008.
Who is the CEO of Stonepeak?
Michael Dorrell is the CEO of Stonepeak, serving as Chairman and Co-Founder since the firm's founding in 2011. He leads the Stonepeak Executive Committee and has been instrumental in the company's growth and development.
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