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- Stonepeak Acquires Boundary Street Capital to Bolster Digital Infrastructure Focus
Stonepeak Acquires Boundary Street Capital to Bolster Digital Infrastructure Focus
Slice of Finance Team
14 Nov
Key Highlights:
Stonepeak expands digital infrastructure investment by acquiring Boundary Street Capital.
Adds $700 million in capital commitments to Stonepeak’s credit portfolio.
Focus on AI-driven and digital infrastructure sectors, including cloud, software, and tech services.
Enhanced credit solutions for tech-driven businesses across growth stages.
Transaction expected to close in Q4 2024, pending regulatory approval.
Source: Business Wire:
Notable Quotes:
“The acquisition of Boundary Street is a natural next step in the growth of the firm and the evolution of Stonepeak Credit. We are excited for what this transaction means for our limited partners and look forward to having the Boundary Street team onboard.”
“By combining Stonepeak’s expertise and resources with the Boundary Street team’s complementary experience and skillsets, we will have the ability to broaden our investment aperture and execute more efficiently on the opportunities we’re seeing in AI-driven businesses.”
“With the benefits of Stonepeak’s scale, resources, and shared passion for digital infrastructure, we will be even better positioned to continue making sound and thoughtful credit investments and helping grow tomorrow’s greatest technology businesses.”
Our Take:
Stonepeak’s acquisition of Boundary Street Capital underscores its strategic focus on digital infrastructure assets, which are increasingly critical as data and AI drive global digital transformation. This acquisition not only expands Stonepeak’s reach into sectors like cloud services, enterprise software, and tech services but also strengthens its credit platform with a seasoned team adept at identifying valuable tech investments. By integrating Boundary Street’s expertise, Stonepeak is positioning itself to provide comprehensive credit solutions for a broader range of tech-driven enterprises, securing its foothold in a market with robust growth potential. This move exemplifies the growing convergence of credit investment and digital infrastructure, where demand for flexible capital solutions is projected to accelerate.