Via zoominfo.com
The $88 billion infrastructure giant has deployed over $10 billion into data centers as banks and private equity pile into the AI build-out
The money spigot for AI infrastructure remains wide open. Stonepeak Infrastructure Partners CEO Michael Dorrell told Bloomberg Television that financing for the US AI build-out is showing “very little sign of slowing down,” with banks, private equity firms, and capital markets all continuing to pour capital into the sector.
Stonepeak manages roughly $88 billion in assets. Over the past decade, the firm has committed more than $10 billion in equity specifically toward data center infrastructure.
Where the money is going #
Stonepeak has been putting its own money where Dorrell’s mouth is. In July 2025, the firm made a $1.3 billion preferred equity investment in Princeton Digital Group, a data center operator with significant presence in the Asia-Pacific region. Three months before that, in April 2025, Stonepeak launched Montera Infrastructure, a platform designed to bolster data center capacity across North America.
The firm’s portfolio spans North American operators like Cologix and the newly created Montera, alongside Asia-Pacific plays like Princeton Digital Group.
The sustainability asterisk #
Dorrell did not deliver an entirely uncritical assessment. He acknowledged sustainability risks embedded in the current investment cycle.
What this means for crypto and digital asset investors #
Dorrell’s remarks did not reference blockchain or cryptocurrency. The current wave of institutional infrastructure capital is flowing toward AI, not toward crypto-native infrastructure like mining facilities or decentralized compute networks.
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