How two Australians rode the $1.5 trillion infrastructure wave

Stonepeak founders Michael Dorrell and Trent Vichie started investing in the asset class in the early 2000s. The group nearly didn’t survive but is now a colossus.

Antoine Gara

Updated Mar 26, 2024 – 12.16pm, first published at 9.07am

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The turbulent years that followed the global financial crisis were not an ideal time for Michael Dorrell and Trent Vichie to be seeding a new infrastructure fund.

Potential investors were reluctant to back new funds and they had little appetite for deals that offered less lucrative returns than large buyouts. At many points, it seemed the end was nigh for their nascent venture.

Financial Times