Stonepeak's Cyrus Gentry - bringing infrastructure investing to the wealth channel

This episode of the Altco's Mainstream podcast is brought to you by Ultimus. Ultimus is a leading full service fund administrator for asset managers in both private and public markets, offering a wide range of capabilities across registered funds, private funds, and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products. Trusted by institutions, investment consultants, registered investment advisors, state governments, and fund managers, Ultimus provides solutions for nearly every investment structure in the marketplace. Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions, or contact Ultimus executive vice president of business development, Gary Harris, on email at gharris@ultimusfundsolutions.com. We thank Ultimus for their support of Alts going mainstream. Welcome back to the Alco's Mainstream podcast. Today's episode brings infrastructure investing to life, literally. We sat down and walked through one of Stonepeak's data center assets with the firm's CEO of SP Plus Infra, Stonepeak's wealth solutions business, and managing director Cyrus Gentry. Cyrus has been an integral part of Stonepeak's rapid ascent as a firm, joining early in the firm's history and helping the firm to grow to over 76,000,000,000 in AUM. Cyrus brings a private equity perspective to infrastructure investing. He held investing roles at BC Partners where he focused on industrial and telecommunication sectors. And at Advent, he also serves as one of the church commissioners for the Church of England who hold responsibility for managing the church's £11,100,000,000 permanent endowment fund. Cyrus and I had a fascinating and thought provoking conversation about infrastructure investing and why and how it can fit into a wealth client's portfolio. We covered how Cyrus's background in private equity investing has transferred over to investing in infrastructure, the opportunity and risks of data center investing, the risk of overbuilding with data centers, why location matters for data centers, what makes interconnection data centers attractive data center assets, how Cyrus and Stonepeak have built their wealth solutions business, and how they've endeavored to be different in how they built the business, and how Stone Peaks wealth business is a reflection of the firm's DNA. Thanks, Cyrus, for coming on the show to show your expertise, wisdom, and passion for infrastructure investing. Cyrus, welcome to the Alco's mainstream podcast. Thanks for having me. Thanks for having me here. We're in one of Stonepeak's data center assets. I think that'll make for a fascinating conversation. We might have some background noise Already. Because things are things are happening. There's a lot going on, obviously, with infrastructure in general. Wanna start with your background because I think your background is actually very instructive in a sense for explaining what infrastructure is. You started out in private equity. Explain to us how you got from private equity to infrastructure. Well, it sort of goes …