We invest in what we believe are low-risk traditional infrastructure assets with inflation protection and favorable cash flow profiles. We leverage deep industry expertise with a view to implement operational improvements to enhance value.

portfolio

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Casper Crude to Rail, LLC

Casper Crude to Rail LLC is a joint venture with Cogent Energy Solutions LLC and Granite Peak Development to jointly develop, construct and operate crude oil rail infrastructure in Casper, Wyoming. Casper Crude to Rail LLC was sold to USD Partners in October 2015. Continue reading

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Clean Path Energy Center LLC

Clean Path Energy Center LLC is a joint venture with Western Energy Partners, LLC and SNC-Lavalin Inc. to jointly develop, construct, commercialize and operate an innovative 750 MW power generation facility in the Four Corners region of New Mexico. The state-of-the-art facility is expected to consist of a 680 MW natural gas-fired combined cycle power plant co-located with an advanced 70 MW solar photovoltaic (PV) power block. Continue reading

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Dominion Midstream Partners, LP

Dominion Midstream Partners, LP (NYSE: DM) is a master limited partnership formed by the investment-grade utility Dominion Resources Inc. to grow a portfolio of natural gas terminaling, processing, storage, transportation, and related assets. Continue reading

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Cologix

Cologix operates 24 network-neutral, interconnection-focused data centers in 8 markets across the U.S. and Canada serving over 1,600 customers. These connectivity-centric facilities are strategically positioned at critical juncture points of terrestrial and subsea fiber networks that carry global traffic between and within continents and are critical to the operating infrastructure of the internet. Continue reading

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Energizing Infrastructure LLC

Energizing Infrastructure LLC is a joint venture with Energizing Co. to jointly develop, construct, own and operate utility distribution microgrid (UDM) and related energy infrastructure projects that provide communities clean, reliable and climate-resilient power. Energizing Infrastructure LLC expects to serve as the project financing platform for Energizing Co.’s current and future power grid modernization projects in North America. Continue reading

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Extenet Systems, Inc.

ExteNet Systems, Inc. is the leading independent provider of distributed networks enabling outdoor and indoor wireless connectivity. ExteNet designs, builds, owns and operates distributed networks for use by wireless carriers and venue owners in key strategic markets. Continue reading

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Golar Power Ltd.

Golar Power Ltd. is a 50/50 joint venture with Golar LNG Ltd. to develop, own and operate integrated LNG-based transportation and downstream solutions including LNG carriers, floating storage and regasification units (“FSRU”‘s) and associated terminal and power generation infrastructure which will operate under long-term contracts with utility-grade offtakers. Continue reading

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Ironclad Energy Partners LLC

Ironclad Energy Partners LLC is a joint venture formed with power industry veterans for the purpose of acquiring, developing, owning, operating and making capital investments in middle-market power and utility infrastructure assets. Together with Stonepeak, Ironclad plans to acquire power generation, district energy and utility assets and improve them commercially, technically, and/or operationally, in order to increase their value to customers and investors. Continue reading

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Magnolia LNG LLC

The Magnolia LNG plant will be a mid-scale liquefied natural gas (LNG) export facility converting natural gas to LNG using a patented, proprietary and thermally efficient LNG process technology. Located in Lake Charles, LA, the project will provide up to eight million tons of LNG per year for delivery to domestic and export markets beginning in early-2019. Investment pending. Continue reading

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MPLX LP

MPLX LP (NYSE:MPLX) is a diversified, growth-oriented master limited partnership formed by its parent company, Marathon Petroleum Corporation, to own, operate, develop and acquire midstream energy infrastructure assets. Continue reading

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NorthStar Renewable Power Corporation

Northstar owns and operates a portfolio of ground‐mount solar power generation facilities in Ontario, Canada. Each facility sells power to the Ontario Power Authority under long term, fixed price power purchase agreements. Northstar was sold to DIF Infrastructure III in August 2014. Continue reading

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Orion Water Partners LLC

The Carlsbad Desalination Plant is a 50 million gallon-per-day seawater desalination plant providing high quality water to San Diego County under a long‐term take‐or‐pay contract with the San Diego County Water Authority. The plant has been delivering water to the businesses and residents of San Diego County since December 2015, and is the largest desalination plant in the Western Hemisphere. Continue reading

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Paradigm Energy Partners, LLC

Newly formed partnership focused on developing, constructing, and operating midstream assets in the Bakken Shale in North Dakota and the Eagle Ford in South Texas. Paradigm is currently constructing 51.4 miles of gathering pipeline in McKenzie County, North Dakota, providing North and Central McKenzie County producers pipeline connectivity from the wellhead to takeaway options at Johnson’s Corner. Continue reading

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Plains All American Pipeline

Plains All American Pipeline (NYSE: PAA) is the largest crude oil-centric master limited partnership in North America with a leading position in substantially all U.S. and Canadian resource plays, market interchanges, and demand corridors. Continue reading

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Sanchez Production Partners

Sanchez Production Partners LP (NYSE MKT: SPP) is a publicly-traded limited partnership focused on the acquisition, development, ownership and operation of midstream and other energy production assets. Continue reading

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Targa Resources Corp.

Targa Resources Corp. (NYSE: TRGP) is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America, primarily engaged in the gathering, processing and storing of natural gas and NGLs. Continue reading

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Tidewater Holdings, Inc.

Tidewater is the pre‐eminent barge and terminal operator on the Columbia‐Snake river system in the Pacific Northwest. Headquartered in Vancouver, WA, the company’s operations span 465 miles, extending from the inland Port of Lewiston, ID to the Port of Astoria, OR on the Pacific Coast. Continue reading

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Vertical Bridge

Vertical Bridge (VB) is a private owner and manager of wireless communication infrastructure in the United States with a deep back-log of Build-to-Suit towers and M&A opportunities. VB primarily leases space to telecommunications carriers and other users of wireless technology. Continue reading

CCR Casper Crude to Rail, LLC

Casper Crude to Rail LLC is a joint venture of Stonepeak Infrastructure Partners, Cogent Energy Solutions LLC and Granite Peak Development to jointly develop, construct and operate crude oil rail infrastructure in Casper, Wyoming. The joint venture has begun construction of the Casper Crude to Rail Terminal adjacent to Casper Natrona County International Airport. The Terminal will be connected to Spectra Energy’s Express Pipeline and will allow for unit train and manifest loading of both heavy and light crude oil.  Additionally, it will offer both fungible and dedicated tank storage with initial storage capacity of 750,000 barrels of crude oil. Casper Crude to Rail LLC was sold to USD Partners in October 2015.

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HEADQUARTERS: Houston, TX
INVESTMENT DATE: September 2013

cleanpathls Clean Path Energy Center LLC

Clean Path Energy Center LLC is a joint venture of Stonepeak Infrastructure Partners, Western Energy Partners, LLC and SNC-Lavalin Inc. to jointly develop, construct, commercialize and operate a 750MW power generation facility in San Juan County, New Mexico. The facility is a dual-fuel designed and ideally-located combination of a traditional 680 MW Combined Cycle Gas Turbine (CCGT) co-located with a renewable 70 MW Solar Photovoltaic (PV) power block. The project expects to be capable of providing essential baseload generation during all hours of the year as well as additional vital peaking capacity during times of higher system loads. The project is currently in advanced stages of development and its commercial operation date is planned to coincide with the retirement of regional coal-fired capacity, offering a cleaner and more efficient source of energy to utilities and other load-serving entities in the Desert Southwest. In its current configuration, the project is expected to become one of the most efficient gas-fired plants in the Western United States.

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HEADQUARTERS: Waterflow, NM
INVESTMENT DATE: Pending

dominion featured Dominion Midstream Partners, LP

Dominion Midstream Partners, LP (NYSE: DM) is a master limited partnership formed by the investment-grade utility Dominion Resources Inc. to grow a portfolio of natural gas terminaling, processing, storage, transportation, and related assets. The company currently holds interests in FERC-regulated natural gas transmission and terminal assets, including the Cove Point LNG Facility, Dominion Carolina Gas Transmission, Iroquois Gas Transmission, and Questar Pipeline. Its parent, Dominion Resources Inc., is one of the nation’s largest producers and transporters of energy, with a portfolio of ~26,000 megawatts of generation, 14,400 miles of natural gas transmission, gathering and storage pipeline, and 6,500 miles of electric transmission lines.

Stonepeak made a preferred equity investment into Dominion Midstream Partners, LP.

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HEADQUARTERS: Richmond, VA
INVESTMENT DATE: December 2016

cologix featured Cologix

Cologix Inc. (“Cologix”) is a leading provider of colocation and interconnection services in the U.S. and Canada. With 24 strategically-located facilities in 8 markets, Cologix provides network-neutral, reliable and secure data storage and connectivity to over 1,600 network, cloud, financial, media and enterprise customers. Interconnection infrastructure like the data centers in the Cologix platform are strategically located at the nexuses of physical terrestrial and subsea fiber networks that carry global data traffic between and within continents. Network effects, combined with large capital expenditures to run fiber into a new facility, make these connectivity hubs extremely difficult to replicate. In addition, as many of Cologix’s data centers are located markets previously underserved by interconnection data centers, Cologix helps organizations reduce network costs and complexity by moving data closer to the ever-expanding edge of the internet.

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HEADQUARTERS: Denver, CO
INVESTMENT DATE: March 2017

energizingco img Energizing Infrastructure LLC

Energizing Infrastructure LLC is a joint venture with Energizing Co. to jointly develop, construct, own and operate utility distribution microgrid (UDM) and related energy infrastructure projects in North America. These essential energy infrastructure projects expect to enable the large-scale integration of distributed generation and storage assets, such as wind, biomass, solar PV, and electric vehicles (EVs), and help cities and utilities deliver clean, reliable and climate-resilient power. Energizing Co.’s innovative project development process includes cost/benefit analysis, regulatory and contractual support, selection of technology partners, public-private project financing, and customer engagement support to deliver turn-key grid solutions to its customers.

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HEADQUARTERS: Los Angeles, CA
INVESTMENT DATE: Pending

Extenet 1 Extenet Systems, Inc.

ExteNet Systems, Inc. is the leading independent provider of distributed networks enabling outdoor and indoor wireless connectivity. ExteNet designs, builds, owns and operates distributed networks for use by wireless carriers and venue owners in key strategic markets. Using distributed antenna systems (DAS), small cells, Wi-Fi and other technologies, ExteNet deploys networks to enhance coverage and capacity and enable superior wireless service in both outdoor and indoor environments. Primary markets addressed by ExteNet include outdoor distributed networks in a variety of densely occupied or heavily traveled settings, and a host of indoor verticals, including sports and entertainment venues, the hospitality industry, commercial buildings, and healthcare facilities.

 

 

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HEADQUARTERS: Lisle, IL
INVESTMENT DATE: November 2015

Golar Golar Power Ltd.

Golar Power Ltd. is a 50/50 joint venture with Golar LNG Ltd. to develop, own and operate integrated LNG-based transportation and downstream solutions including LNG carriers, floating storage and regasification units (“FSRU”‘s) and associated terminal and power generation infrastructure which will operate under long-term contracts with utility-grade offtakers. The company’s initial assets base includes a newbuild FSRU, two modern 160,000 cbm trifuel LNG carriers (suitable for FSRU conversion), and the right to invest in up to 25% of the Sergipe Power project. Additionally, the company has a one year option to acquire a further two LNG carriers for conversion to FSRUs. We believe Golar Power’s assets are well-positioned to take advantage of a global glut of low-cost LNG and bring cleaner, cheaper power to underserved markets through LNG.

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INVESTMENT DATE: July 2016

ironclad featured Ironclad Energy Partners LLC

Ironclad Energy Partners LLC (“Ironclad”) is a joint venture formed with power industry veterans for the purpose of acquiring, developing, owning, operating and making capital investments in middle-market power and utility assets and improve them commercially, technically, and/or operationally, in order to increase their value to customers and investors.  Ironclad’s first acquisition is RED Investment, owner of four cogeneration and district energy assets located in New York, New Jersey, Massachusetts and California.  The largest of the four wholly-owned assets is the utility and district energy infrastructure serving Eastman Business Park in Rochester, New York, a 1,200-acre business park which serves approximately 70 industrial and commercial customers, including Eastman Kodak Company.

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HEADQUARTERS: Westmont, IL
INVESTMENT DATE: September 2016

MLNG pic Magnolia LNG LLC

Magnolia LNG LLC is a joint venture of Stonepeak Infrastructure Partners and Liquefied Natural Gas Limited to jointly develop, construct and operate the Magnolia LNG export facility. Once completed, the mid-scale project will use a thermally efficient LNG process technology to produce up to eight million tons of LNG per year. The Magnolia LNG export facility will receive natural gas via an existing pipeline and process LNG for delivery to domestic and export markets. Long-term, take-or-pay contracts with high-credit counterparties will generate stable, predictable cash flows with no commodity price exposure. The project is expected to reach financial close by mid-2016, with commercial operations expected early-2019.

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HEADQUARTERS: Lake Charles, Louisiana
INVESTMENT DATE: Pending

mplx featured MPLX LP

MPLX LP is a diversified, growth-oriented master limited partnership formed in 2012 by Marathon Petroleum Corporation to own, operate, develop and acquire midstream energy infrastructure assets. MPLX is primarily engaged in the gathering, processing transportation and storage of natural gas and NGLs, and is one of the largest natural gas and NGL midstream service providers in the U.S., processing ~75% of total rich-gas production from the Marcellus and Utica shale plays. MPLX also engages in the transportation and storage of crude oil and refined petroleum products, supported by long-term contracts with its parent, Marathon Petroleum.

Stonepeak made a preferred equity investment into MPLX LP.

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HEADQUARTERS: Findlay, OH
INVESTMENT DATE: May 2016

northstar lg NorthStar Renewable Power Corporation

Northstar owns and operates a portfolio of ground‐mount solar power generation facilities in Ontario, Canada under the province’s Feed‐In‐Tariff (“FIT”) regime. Ontario’s FIT program is North America’s first comprehensive guaranteed pricing structure for renewable electricity production. It includes standardized program rules, prices and contracts for developing a qualifying renewable energy projects. Each project sells power to the Ontario Power Authority under long term, fixed price power purchase agreements.

In August 2012 Northstar acquired Stone Mills Solar Park LP. The 50,000 panel facility supplies clean, renewable power to more than 1,200 homes in eastern Ontario. Northstar was sold to DIF Infrastructure III in August 2014.

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HEADQUARTERS: New York, NY
INVESTMENT DATE: August 2012

orion lg Orion Water Partners LLC

Orion Water Partners is a joint venture of Stonepeak Infrastructure Partners and Poseidon Resources to jointly construct, own and operate the Carlsbad Desalination Plant. Completed in December 2015 after a three-year construction process, the Carlsbad Desalination Plant is the largest seawater desalination plant in the Western Hemisphere. The plant produces as much as 10% of San Diego’s drinking water under a 30-year off-take agreement with the San Diego County Water Authority, ensuring drought-proof supply for nearly a half-million residents of Southern California.

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HEADQUARTERS: Carlsbad, CA
INVESTMENT DATE: December 2012

paradigmphoto Paradigm Energy Partners, LLC

Paradigm Energy Partners, LLC is a newly formed partnership focused on developing and operating oil & gas takeaway solutions to producers in the Bakken Shale in North Dakota and the Eagle Ford in South Texas. Paradigm is led by the company’s 7 founding partners, a group of accomplished executives lead by Chief Executive Officer Troy Andrews with vast experience in the energy and midstream sectors. Among numerous other projects, Paradigm is currently constructing 51.4 miles of gathering pipeline in McKenzie County, North Dakota, providing North and Central McKenzie County producers pipeline connectivity from the wellhead directly to takeaway options at Johnson’s Corner. Paradigm is also developing a 70 mile trunkline from Johnson’s Corner to Enbridge’s Stanley Station in Mountrail County.

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HEADQUARTERS: Dallas, TX
INVESTMENT DATE: March 2014

Plains picture SIP site Plains All American Pipeline

Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (“NGL”), natural gas and refined products. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles over 4.4 million barrels per day of crude oil and NGL in its Transportation segment.

Stonepeak made a convertible preferred equity investment into Plains All American Pipeline.

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HEADQUARTERS: Houston, TX
INVESTMENT DATE: January 2016

large1 Sanchez Production Partners

Sanchez Production Partners LP (NYSE MKT: SPP) is a publicly-traded limited partnership focused on the acquisition, development, ownership and operation of midstream and other energy production assets. The Partnership owns an oil and natural gas gathering and processing system located in the Eagle Ford Shale in Dimmit and Webb Counties, Texas. The Partnership also currently owns producing reserves in the Eagle Ford Shale in South Texas, the Gulf Coast region of Texas and Louisiana, and across several basins in Oklahoma and Kansas.

Stonepeak has made a convertible preferred equity investment into Sanchez Production Partners.

 

 

 

 

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HEADQUARTERS: Houston, TX
INVESTMENT DATE: October 2015

Targa Photo2 Targa Resources Corp.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. Targa owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, and terminaling crude oil; storing, terminaling, and selling refined petroleum products.

Stonepeak made a preferred equity investment into Targa Resources Corp.

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HEADQUARTERS: Houston, TX
INVESTMENT DATE: March 2016

tidewater lg Tidewater Holdings, Inc.

Tidewater is the leading inland barge and terminal operator in the Pacific Northwest. Tidewater’s operations span 465 miles from the Pacific Coast to the inland Port of Lewiston, Idaho. Tidewater provides critical transportation services on the Columbia‐Snake River system at a lower cost and in an environmentally friendly way. Tidewater transports petroleum products, grain, waste and woodchips as well as other commodities.

The Company was founded 1932 and has relationships with customers and stakeholders going back 50+ years.

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HEADQUARTERS: Vancouver, WA
INVESTMENT DATE: December 2012

CambdenCropped Vertical Bridge

Vertical Bridge (VB) is a private owner and manager of wireless communication infrastructure in the United States with a deep back-log of Build-to-Suit towers and M&A opportunities.  VB primarily leases space to telecommunications carriers and other users of wireless technology.

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HEADQUARTERS: Boca Raton, Florida
INVESTMENT DATE: November 2014