Montera is Stonepeak’s fourth North American data center investment and its eighth globally. (Source: Shutterstock)
Stonepeak has committed $1.5 billion into the launch of Montera Infrastructure, a new North American hyperscale-focused data center company, the investment firm said April 23.
Montera Infrastructure will develop and operate data centers on land parcels in Tier I and Tier II metro areas. Focus will be on constructing and operating facilities with more than 100-megawatt (MW) capacities.
The data centers will support the growth in AI workloads for hyperscale customers across North America.
“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,” Montera Founder and CEO Eanna Murphy said in a news release. “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.”
Montera is Stonepeak’s fourth North American data center investment and its eighth globally. Stonepeak’s data center portfolio includes Cologix, CoreSit, Digital Edge and Cirion for more than 500 MW of capacity. Stonepeak has another 400 MW in development.
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