NEW YORK & WASHINGTON – January 16, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has completed the acquisition of Boundary Street Capital, LP (“Boundary Street”), a leading specialist private credit investment manager focused on the digital infrastructure, enterprise infrastructure software, and technology services sectors in the lower middle market.

“We are incredibly excited to welcome the Boundary Street team to Stonepeak,” said Jack Howell, Co-President of Stonepeak. “The team represents a strong cultural fit for our firm, and their addition will enable us to bring an even broader set of offerings to our limited partners and borrowers across the infrastructure landscape.”

“With deep expertise in digital infrastructure and technology services and extensive experience in the lower middle market, Boundary Street complements our existing credit investing capabilities well,” added Michael Leitner, Senior Managing Director at Stonepeak. “I look forward to working alongside Rashad and the rest of the team as we continue to grow the Stonepeak Credit platform.”

“Since our inception, Boundary Street has focused on helping to grow the greatest technology and digital infrastructure businesses of tomorrow. As part of Stonepeak, we’ll be even better positioned to continue pursuing this goal,” said Rashad Kawmy, Partner and Co-Founder of Boundary Street. “We are excited to start capitalizing on the many investment opportunities we’re seeing driven by digitalization and AI in ways we could not have done before.”

Paul, Weiss, Rifkind, Wharton & Garrison and Simpson Thacher & Bartlett LLP served as legal counsel to Stonepeak. Hogan Lovells served as legal counsel to Boundary Street.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $72 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 digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, and Abu Dhabi. For more information, please visit www.stonepeak.com.

About Boundary Street Capital

Boundary Street is a private credit investment manager focused on providing flexible capital solutions specifically to lower middle market technology and telecommunications businesses and backed by a team of investment professionals with decades of experience investing in these sectors. Boundary Street seeks to invest credit in durable, recurring revenue businesses providing the mission critical services that will drive economic growth, bridge the digital divide, and keep families and businesses connected. To learn more, visit www.boundarystreetcapital.com.

Contacts
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225