Boundary Street Capital

Overview

Boundary Street Capital is a private credit investment manager focused on providing flexible capital solutions to lower middle market technology and telecommunications businesses. The firm specializes in investing in durable, recurring revenue businesses that offer mission-critical services, aiming to drive economic growth and bridge the digital divide. Their investment approach includes capital solutions ranging from senior debt to mezzanine capital, targeting companies with revenues exceeding $5 million. The firm's expertise spans various sectors, including data center operations, cloud services, telecommunications networks, wireless infrastructure, software, and technology services such as managed services, security technology, IT outsourcing, and data analytics. Boundary Street Capital was acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, in November 2024. This acquisition has enhanced Stonepeak's capabilities in digital infrastructure and technology services sectors, allowing for a more comprehensive set of credit and credit-linked capital solutions to businesses across multiple stages of the growth lifecycle. The transaction was completed in January 2025, further solidifying Stonepeak's position in the infrastructure investment landscape. Prior to the acquisition, Boundary Street Capital had secured over $330 million in capital commitments for its fund, BSCP SBIC I, LP, which closed in May 2021. The firm had a proven track record of investing in growing businesses across technology-driven sectors, providing non-dilutive capital to support their development, growth, expansion, acquisitions, and capital investments. Their portfolio included investments in data centers, wireless infrastructure, fiber optic networks, application software, and technology services. The firm's team of investment professionals brought decades of experience in these sectors, applying deep understanding to swiftly underwrite bespoke credit solutions and drive growth for portfolio companies. The acquisition by Stonepeak has positioned the combined entity to leverage enhanced scale and resources, enabling continued support for emerging businesses in the digital infrastructure and technology services sectors. The partnership aims to provide comprehensive capital solutions, combining Stonepeak's expertise and resources with Boundary Street's complementary experience and skillsets. This strategic move is expected to broaden the investment aperture and execute more efficiently on opportunities in AI-driven businesses, including cloud services, enterprise and infrastructure software, and digital services, while bringing a more comprehensive breadth of offerings to borrowers and limited partners.