Stonepeak Strengthens Presence in South Korea with Senior Leadership Appointment

Industry veteran Sung Eun Ahn to join Stonepeak as Chairman, Korea

NEW YORK & SEOUL, South Korea–(BUSINESS WIRE)–Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has appointed Sung Eun Ahn as Chairman, Korea, effective February 1, 2024. Based in Seoul, Sung Eun will help to support Stonepeak’s APAC business and the diligent execution of the firm’s investment strategies in the region.


Sung Eun joins Stonepeak with significant financial services and leadership experience, having most recently served as Chief Country Officer, Korea at Deutsche Bank AG, a position he held for more than 10 years. Prior to that, for nearly a decade he served as Chief Executive and Head of Investment Banking for Korea at Bank of America Merrill Lynch. In those positions, he advised on more than $150 billion in cross border and domestic M&A transactions and helped Korean corporates, financial institutions, and government entities raise more than $30 billion in the overseas capital markets through debt and equity issues.

We are thrilled to welcome Sung Eun to the Stonepeak team as we continue to strategically invest in Korea and throughout Asia,” said Hajir Naghdy, Senior Managing Director at Stonepeak. “Sung Eun is a highly respected business leader, with more than 30 years of experience in the market and deep relationships throughout the industry. We believe his expertise will be a valuable addition to our boots-on-the-ground and local partnership-focused approach to asset sourcing and management.”

I have been thoroughly impressed by Stonepeak’s diligent expansion in APAC,” said Sung Eun Ahn, incoming Chairman, Korea at Stonepeak. “There is ample opportunity for infrastructure investment in the Asia Pacific region – from renewables, to transportation and logistics, to digital infrastructure – and in getting to know Stonepeak’s investment strategy, I believe the firm is well-positioned to capture that opportunity. I look forward to joining the team and helping the firm continue to identify high-quality investment opportunities in the region.”

Sung Eun joins Stonepeak on the heels of an active year for the firm in the Asia Pacific region. Of note, in the fourth quarter of 2023, the firm agreed to provide strategic investments to AGP Sustainable Real Assets, a Singapore-based global infrastructure and real assets developer and operator, and GTA, Guam’s leading digital infrastructure provider of broadband, wireless, data center, and subsea cable landing services. Additionally, in April, the firm completed the acquisition of a 70% interest in GeelongPort, marking Stonepeak’s first investment in Australia. Stonepeak has 12 portfolio companies1 supporting critical infrastructure needs in over a dozen countries and territories across the region, including AGP Sustainable Real Assets, Synera Renewable Energy, Peak Energy, GreenPeak, Digital Edge, MIDC, GTA, Equalbase, GeelongPort, Lineage Logistics, Rinchem, and Seapeak.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.9 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, social infrastructure, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.

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1 Inclusive of investments that are signed pending close.

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