Newly formed Longview Infrastructure, an electric transmission development and investment platform, has secured an equity commitment from investment firm Stonepeak, according to a March 24 press release.

Longview and Stonepeak will focus on originating, developing, constructing and operating electric transmission infrastructure projects to meet the power needs of data centers and electrification-driven growth in the U.S.

Longview did not disclose the size of its commitment from Stonepeak, which specializes in infrastructure and real assets and has approximately $72 billion of assets under management.

Rob Kupchak, senior managing director at Stonepeak, said, “Longview’s founders, Eric Hayes and Ben Sumers, are industry veterans with extensive knowledge of the transmission industry, which we believe will be a key differentiator in addressing the compelling opportunities in this essential U.S. infrastructure sector. We look forward to working hand-in-hand with them to develop the Longview platform.”

Hayes and Sumers, Longview’s co-CEOs, said partnering with Stonepeak will enable them to enhance connectivity across communities as “rising energy demand and an ever-changing energy landscape requires a historic buildout of transmission infrastructure.”

“Stonepeak’s equity commitment, deep understanding of the transmission space, and operational expertise in building platforms will enable us to effectively scale the team and meet the need in transmission head-on,” they said in a press release.

Sidley Austin LLP served as legal adviser to Stonepeak, and Vinson & Elkins LLP served as legal adviser to Longview.

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