NEW YORK--(BUSINESS WIRE)--Stonepeak Partners (“Stonepeak”), which recently achieved a $7.2 billion final close of its third infrastructure fund, today announced the appointment of DJ Gribbin as a Senior Operating Partner. Mr. Gribbin was until recently the Special Assistant to the President for Infrastructure Policy. He will join a team of 11 highly-credentialed Operating Partners and Senior Advisors who support Stonepeak’s deal sourcing and asset management activity across the firm’s target sectors of transportation, communications, midstream energy, water and power, renewables and utilities.
“We are delighted to welcome DJ to Stonepeak,” said Stonepeak Co-Founder Michael Dorrell. “DJ possesses market leading expertise on infrastructure public policy and regulation, and we know him well as a leader of great integrity and depth.”
Stonepeak Co-Founder Trent Vichie added: “DJ joins us at an exciting time, with Stonepeak continuing to expand its investment portfolio in critical infrastructure assets. Having worked directly with DJ previously, we know his experience, creativity and industry relationships will be of great benefit to our investors and the communities we serve.”
Mr. Gribbin has an extensive and diverse background in the U.S. infrastructure sector. His experience includes serving in the White House as Special Assistant to the President for Infrastructure Policy, and earlier roles as Chief Counsel for the Federal Highway Administration and General Counsel for the U.S. Department of Transportation. Mr. Gribbin also served as Head of Government Advisory for Macquarie Capital.
“I’m looking forward to working with the Stonepeak team again, to help them identify and manage investments, and to ensure we are doing all we can to responsibly serve our stakeholders,” said Mr. Gribbin, commenting on his appointment. “Stonepeak has a unique blend of investment capability, transactional creativity and entrepreneurial spirit, which has resulted in it building one of the largest infrastructure franchises globally. The model of Stonepeak deal teams working hand-in-hand with experienced Operating Partners and portfolio company executives has proven to be very effective in delivering outstanding results for investors.”
Mr. Gribbin’s appointment is effective immediately.
About Stonepeak
Stonepeak is an infrastructure-focused private equity firm headquartered in New York with $15 billion of assets under management. Stonepeak invests in long-lived, hard-asset businesses and projects that provide essential services to customers, and seeks to actively partner with high-quality management teams, facilitate operational improvements, and provide capital for growth initiatives. (www.stonepeakpartners.com)