New midstream man for Stonepeak

Two-year-old Stonepeak Infrastructure Partners has named Paul Murdock a managing director.

New York-headquartered fund manager Stonepeak Infrastructure Partners has hired midstream energy investor Paul Murdock, naming him a managing director.

Stonepeak co-founder Michael Dorrell in a statement noted Murdock would contribute to “the midstream component of our fund”. Dorrell, a senior managing director, started Stonepeak with Trent Vichie when, in 2011, he and Vichie spun Stonepeak out of The Blackstone Group. Stonepeak now has 21 employees.

Prior to joining Stonepeak, Murdock worked for Harvest Partners, a mid-market private equity firm with $1.9 billion under management, serving as a managing director from 2009 to 2013. According to Stonepeak, Murdock, while with Harvest, sourced and originated the $80 million investment Regency Energy Partners, a midstream natural gas service, in 2009.

Before joining Harvest, Murdock spent 10 years with Deutsche Bank Securities, pioneering its coverage of master limited partnerships (MLPs). He also worked for Wall Street firm JP Morgan from 1989 to 1995.

Stonepeak Infrastructure Fund has so far raised $1.17 billion and is expected to close in the second half of this year. Stonepeak is an investor in NorthStar Renewable Power Corporation in Canada.