Stonepeak completes Boundary Street Capital acquisition
Alternative asset manager Stonepeak has completed its acquisition of private credit specialist Boundary Street Capital, just two months after the deal was announced.
In November 2024, Stonepeak agreed to buy Boundary Street for an undisclosed amount in an effort to expand its credit, digital infrastructure and technology investment capabilities.
At the time, Boundary Street had more than $700m (£574.1m) in capital commitments, provides flexible capital to lower mid-market technology and telecommunications businesses.
“We are incredibly excited to welcome the Boundary Street team to Stonepeak,” said Jack Howell, co-president of Stonepeak.
Read more: Stonepeak to acquire Boundary Street Capital to boost credit business
“The team represents a strong cultural fit for our firm, and their addition will enable us to bring an even broader set of offerings to our limited partners and borrowers across the infrastructure landscape.”
Rashad Kawmy, partner and co-founder of Boundary Street, said that as part of Stonepeak, Boundary Street is in a better position to achieve its goal of building the greatest technology and digital infrastructure businesses of tomorrow.
“We are excited to start capitalising on the many investment opportunities we’re seeing driven by digitalisation and AI in ways we could not have done before,” Kawmy added.
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“With deep expertise in digital infrastructure and technology services and extensive experience in the lower middle market, Boundary Street complements our existing credit investing capabilities well,” added Michael Leitner, senior managing director at Stonepeak.
“I look forward to working alongside Rashad and the rest of the team as we continue to grow the Stonepeak Credit platform.”
Paul, Weiss, Rifkind, Wharton & Garrison and Simpson Thacher & Bartlett LLP served as legal counsel to Stonepeak. Hogan Lovells served as legal counsel to Boundary Street.
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