Trends

Stonepeak commits $1.5B to data hubs

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 …

AuthorRita

Reading Time2 min

PublishedApril 24, 2025

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Headline

Context

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.

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Analysis

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. Also read: Cellnex plans $2.2B sale of Swiss unit Also read: Top tech news stories today: April 29, 2024