Stonepeak Acquires Boundary Street Capital to Bolster Digital Infrastructure Investment

Stonepeak, a leading alternative investment firm known for its focus on infrastructure and real assets, has announced its acquisition of Boundary Street Capital, a specialist in private credit investment management with a focus on digital infrastructure and technology. Boundary Street, which has capital commitments exceeding $700 million, is renowned for its expertise in the lower middle market, particularly in areas like digital services and technology infrastructure. The acquisition aligns with Stonepeak's strategic vision of expanding its digital infrastructure capabilities, fueled by the ongoing global digitalization trend. Stonepeak's established credit business, which has been active since 2018, will integrate Boundary Street’s platform, enhancing its ability to offer diverse financial solutions across different stages of business growth. Key figures at Stonepeak, including Co-President Jack Howell, view this acquisition as a catalyst for growth and an expansion of their credit organization, already benefiting from strategic hires like Michael Leitner. The transaction, set to be completed in Q4 2024, will empower Stonepeak to broaden its investment strategies, especially in AI-driven and cloud-based businesses, thereby offering greater value to its partners and stakeholders. Legal advisors for this transaction include firms like Paul, Weiss, Rifkind, Wharton & Garrison and Simpson Thacher & Bartlett LLP.