Stonepeak acquires Boundary Street Capital to expand credit offerings

Stonepeak, a global investment firm managing $72bn in assets, has acquired Boundary Street Capital, a specialist private credit manager.

The acquisition enhances Stonepeak’s focus on digital infrastructure, enterprise infrastructure software, and technology services in the lower middle market.

Boundary Street’s integration will allow Stonepeak to expand its offerings to limited partners and borrowers, strengthening its presence in the private credit and infrastructure sectors. Jack Howell, Co-President of Stonepeak, said, “Boundary Street is a strong cultural fit for our firm, and their expertise will enable us to deliver even greater value to our partners and clients.”

The transaction reflects Stonepeak’s commitment to broadening its investment platform and capitalising on opportunities in high-growth infrastructure-related sectors. Legal counsel for the acquisition included Paul, Weiss, Rifkind, Wharton & Garrison, and Simpson Thacher & Bartlett for Stonepeak, with Hogan Lovells advising Boundary Street Capital.

Source: Private Equity Wire

Can’t stop reading? Read more