Trent Vichie, executive vice chairman and co-founder of Stonepeak Infrastructure Partners, will retire in 2021, according to a memo to limited partners obtained by Pensions & Investments.
The memo from Michael Dorrell, the firm's chairman, CEO and co-founder with Mr. Vichie of the infrastructure manager in 2011, said Mr. Vichie will transition out of his current role until March 31, 2021.
"Trent was integrally involved in all aspects of founding Stonepeak and among many achievements was instrumental in leading the firm into the communications infrastructure space early on," Mr. Dorrell wrote. "He has been a strong voice on (the) investment committee, with one of the great investment and commercial minds. I could not have imagined a better partner with whom to debate many of our decisions and moves at Stonepeak."
Mr. Vichie's future plans and whether he will be replaced were not disclosed. A Stonepeak spokesman declined to comment.
The manager is currently raising money for its fourth fund. Its third fund, Stonepeak Infrastructure Partners III, raised $7.2 billion and closed at its hard cap in 2018.