Company targeting 100MW developments in Tier I and II markets.
US investment firm Stonepeak has launched a new North American-focused data center developer.
The company this week announced the launch of Montera Infrastructure, which will develop and operate hyperscale data centers across North America. Stonepeak has made a $1.5 billion equity investment in the new firm.Montera said it will develop and operate turnkey, build-to-suit 100MW+ data centers in Tier I and II markets. The company aims to target cloud computing and AI inferencing workloads.
Details of any planned developments from the new company were not shared.
Montera is led by founder and CEO Eanna Murphy, formerly a data center executive at Yondr (as global COO) and Google (as global program controls manager for data centers).
Murphy said: “Montera was born from a simple conviction: the digital future demands infrastructure that is faster, smarter, and built with intent. With a significant capital commitment from Stonepeak and a team of seasoned hyperscale experts, we are well-positioned to lead the next wave of development across North America. Our mission is to deliver strategically located and scalable digital infrastructure that is engineered for rapid deployment and reliability so that our partners can focus on what matters most.”
Joining Murphy at Montera are founding executives, chief technology officer Craig Pennington (formerly of Oracle and Equinix) and chief delivery officer Joe Walsh (also formerly of Oracle and Equinix).
Stonepeak is an infrastructure and real estate-focused alternative investment firm with more than $70 billion of assets under management. Montera is Stonepeak’s fourth North American data center investment and its eighth globally. Its other data center investments include Cologix and CoreSite in North America; Digital Edge in APAC; and Cirion in Latin America.
Stonepeak said its total portfolio spans more than 100 facilities and 500MW of capacity globally, with another 400MW+ in the development pipeline.
“Addressing the unprecedented demand growth stemming from AI advancements and cloud computing requires expertise in data center development, power generation and transmission, capital formation, and deep relationships with the hyperscalers,” said Andrew Thomas, senior managing director and head of digital infrastructure, Global ex-Europe, at Stonepeak.
“Eanna and his team have a track record of delivering more than eight gigawatts of data center capacity and have been at the forefront of helping design the infrastructure strategy of hyperscale customers, from model training and tuning to inferencing at scale. We are excited to partner with them and bring to bear the experience and capabilities of Stonepeak’s leading digital and power franchises.”
