Stonepeak commits $1.5B to data hubs

Stonepeak commits $1.

• $1.5B equity commitment backs new data centre developer
• Montera to build hyperscale facilities across North America

What happened: Stonepeak introduces Montera Infrastructure

On 23 April 2025, Stonepeak, an alternative investment firm, announced the launch of Montera Infrastructure. This new platform aims to develop and operate hyperscale data centres across North America. Stonepeak has committed $1.5 billion in equity to support Montera’s initiatives.

Montera plans to construct build-to-suit data centres tailored for hyperscale clients. These facilities will focus on locations with immediate power access in major metropolitan areas. The data centres are expected to exceed 100 megawatts in capacity.

Eanna Murphy, formerly of Yondr and Google, leads Montera as CEO. The executive team includes Craig Pennington as CTO and Joe Walsh as Chief Delivery Officer, both with experience from Oracle and Equinix. Collectively, they bring over a century of expertise in data centre operations.

Stonepeak’s Andrew Thomas highlighted the team’s track record in delivering over eight gigawatts of data centre capacity. He emphasized the importance of expertise in data centre development and power infrastructure to meet the growing demands of AI and cloud computing.

Montera represents Stonepeak’s fourth data centre investment in North America and its eighth globally. The firm’s data centre portfolio includes Cologix, CoreSite, Digital Edge, and Cirion, encompassing over 100 facilities and 500 megawatts of capacity.

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Why it’s important

The establishment of Montera Infrastructure comes in response to the escalating demand for data processing capabilities driven by advancements in artificial intelligence and cloud services. As digital workloads increase, the need for robust and scalable data centre infrastructure becomes more critical.

Montera’s strategy focuses on developing large-scale, energy-efficient data centres in key North American markets. By selecting sites with immediate power availability, the company aims to expedite deployment timelines and meet the rapid growth requirements of hyperscale clients.

The leadership team’s extensive experience in data centre development positions Montera to effectively navigate the complexities of modern digital infrastructure projects. Their collective background includes significant contributions to major data centre operations and a deep understanding of hyperscale client needs.

Stonepeak’s investment in Montera aligns with its broader strategy of supporting infrastructure projects that cater to the evolving digital landscape. With a growing portfolio of data centre assets, Stonepeak continues to play a pivotal role in shaping the future of digital infrastructure.