(Bloomberg) — Stonepeak’s Brian McMullen has left the alternative asset manager’s infrastructure arm to launch a technology, media and telecommunications-focused private equity fund, according to people with knowledge of the matter.
McMullen, a senior managing director, is set to be backed by Stonepeak in his new endeavor and the vehicle will initially sit within Stonepeak, said some of the people, all of whom requested anonymity discussing the move. He was most recently head of communications infrastructure at Stonepeak.
A Stonepeak spokeswoman declined to comment.
McMullen has represented Stonepeak on boards of companies including Cologix, euNetworks, Extenet Systems and Vertical Bridge, according to the website of Cologix, a Stonepeak-backed data-center operator. Before Stonepeak, McMullen worked at HIG Capital and Credit Suisse Group AG.
Stonepeak last month said it raised $14 billion for its newest North American infrastructure fund, a flagship strategy for the firm. It appointed Cyrus Gentry, a managing director, as head of communications infrastructure in Europe and Andrew Thomas, also a managing director, as head of communications infrastructure in all geographies excluding Europe, its website shows.
Read more: Stonepeak Partners Is in Talks to Raise Debut Real Estate Fund
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