Stonepeak CEO says AI infrastructure financing shows ‘very little sign of slowing down’

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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