Nicholas Hertlein

Nick Hertlein is a Managing Director on the investment team at Stonepeak, a leading international alternative investment firm specializing in infrastructure and real assets, headquartered in New York City with roughly $84 billion in assets under management and offices across Houston, London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. He joined the firm in 2016 and has since become a senior member of the deal team, working across both the energy & energy transition and the transport & logistics sectors.

Before Stonepeak, Hertlein was a member of the Global Industrials Group at Credit Suisse, where he began his finance career as an investment banking analyst focused on the business services sector. He holds a Bachelor of Business Administration in Accounting, Finance, and Business Economics from the University of Cincinnati.

In his role he has led origination and execution on significant transactions. He helped lead Stonepeak's $300 million renewable-energy partnership with Ørsted, in which Stonepeak acquired 80% of the equity interests in a 957 MW portfolio of U.S. onshore wind farms, and he played an important role in Stonepeak's roughly $7.4 billion take-private acquisition of Textainer, one of the world's largest lessors of intermodal shipping containers.

In December 2024, Infrastructure Investor named Hertlein to its 2024 "Rising Stars" list, which recognizes emerging talent from across the global infrastructure industry — reflecting his standing as a senior, deal-leading member of Stonepeak's investment team rather than an early-career associate.

• Invests through Stonepeak's institutional infrastructure strategy — not angel or seed-stage venture. Targets are operating infrastructure businesses and real assets, not startups.
• Sector concentration: energy and the energy transition (including renewables such as onshore wind) and transport & logistics (including containers/leasing and related supply-chain assets).
• Deal types: large-scale buyouts and take-privates of public companies, platform investments, and structured joint ventures / partnerships (e.g., the Ørsted JV structure acquiring majority equity in an operating wind portfolio).
• Check size: institutional-scale equity, with transactions ranging from a few hundred million dollars to several billion.
• What gets a "yes": durable, cash-generative infrastructure and real assets aligned to long-term secular themes (decarbonization/energy transition, global trade and logistics), consistent with Stonepeak's mandate to invest in essential assets and businesses.