July 24, 2016 12:38 AM ET

Capital Markets

Company Overview of Stonepeak Infrastructure Partners

Company Overview

Stonepeak Infrastructure Partners is a private equity firm specializing in investing in middle market, including family-owned businesses. The firm prefers to invest in infrastructure with a focus on power, midstream, renewables, energy, utilities, transportation, communications, and water. It seeks to invest in worldwide with a focus on North America and Australia. It will invest 70 percent of its capital in the US and 30 percent in Canada. The firm focuses on investments between $50 million and $200 million. Stonepeak Infrastructure Partners was founded in 2011 and is based in New York, New York.

717 Fifth Avenue

25th Floor

New York, NY 10022

United States

Founded in 2011

Phone:

212 907 5100

Fax:

212 907 5101

Key Executives for Stonepeak Infrastructure Partners

Co-Founder and Senior Managing Director
Senior Managing Director and Co-Founder
Chief Financial Officer
Chief Operating Officer
Senior Managing Director
Age: 38
Compensation as of Fiscal Year 2016.

Stonepeak Infrastructure Partners Key Developments

Golar LNG Ltd. and Stonepeak Infrastructure Partners Launches Joint Venture Company

Golar LNG Limited announced that it has entered into a 50/50 joint venture with Stonepeak Infrastructure Partners. The joint venture company, Golar Power Ltd("Golar Power"), will offer integrated LNG based downstream solutions, through the ownership and operation of floating storage and regasification units ("FSRU"'s) and associated terminal and power generation infrastructure. Golar Power's initial asset base will comprise the FSRU currently being constructed at Samsung shipyard, two modern 160,000 cbm trifuel LNG carriers suited for conversion to FSRUs, and the right to invest in up to 25% of the Sergipe Power project. The Sergipe Power project is progressing well and is expected to take FID in the second half of 2016. Golar will also grant Golar Power a one year option to acquire from the Company a further two LNG carriers for conversion to FSRUs. Upon closing, Golar Power will immediately commence conversion of the first LNG carrier to a FSRU. Subsequent to the formation of Golar Power and the contribution of the abovementioned assets, the Company has sold a 50% interest in Golar Power to Stonepeak. Stonepeak will acquire its 50% of Golar Power for $117 million in cash, subscribe to $100 million in preference shares on closing of the deal and commit to $75 million in additional equity. This, together with an additional $75 million funding commitment from Golar, in the period before First Quarter 2018, is expected to be sufficient including debt financing to fully finance the conversion of the two carriers to FSRUs, take delivery of the 2017 new-build FSRU and complete the financing of its share of the Sergipe Power project. Approximately $214 million in ship mortgage debt and $217 million of remaining newbuilding capex on the FSRU is projected to be transferred to Golar Power. The transaction will improve Golar's liquidity position.

Stonepeak Infrastructure Eyes Energy Assets

Stonepeak Infrastructure Partners, launched $3.5 billion fund to pursue investments amid depressed oil and US gas markets where participants are preparing for a long downturn. The new fund has a rough target of about one-third energy infrastructure assets but will also invest in other sectors including power, renewables, water and transport. “It’s at a point where people are starting to believe this oil price environment may be here for longer than was first thought and they realise they have to hunker down for a while and either sell assets or get a capital partner,” Mike Dorrell told The Australian.

Casper Crude to Rail, LLC, Cogent Energy Solutions, LLC, Stonepeak Infrastructure Partners, The Granite Peak Group, USD Partners LP - M&A Call

To discuss on USD Partners LP's acquisition of 100% of the equity interests in Casper Crude to Rail, LLC from Stonepeak Infrastructure Partners, Cogent Energy Solutions and The Granite Peak Group for total consideration of $225.0 million

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