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Michael joins Stonepeak with more than 21 years of experience in the credit space, which has included building and managing a well-established, highly scalable multi-strategy credit investment platform that successfully invested billions of dollars of capital on behalf of its clients. He most recently served as co-head of BlackRock's Direct Lending and Special Situations investment practice, and prior to its acquisition by BlackRock, Michael was a Managing Partner at Tennenbaum Capital Partners (TCP), a specialist private performing credit and special situations manager with $9 billion of committed client capital. During his tenure at TCP, Michael also served as a member of its Management Committee, as a past Chairman of the Investment Committee, and helped build the firm into a leading strategic financing partner to the broader communication services and infrastructure sector, leading investments in the technology services, satellite, wireline, wireless, cable, data center, managed services, cloud-computing, and infrastructure software sectors. Prior to joining TCP, Michael was an executive and manager at several leading technology and communication infrastructure firms including WilTel, GlobeNet, 360Networks, and Microsoft.

"Michael is a well-respected industry leader and deeply knowledgeable credit investor with demonstrable experience," said Stonepeak Co-Chief Operating Officer, Jack Howell. "We believe there is a clear opportunity to leverage Stonepeak's broader platform and institutional knowledge to support the growth of the expanding infrastructure marketplace through investments in credit and structured solutions, and Michael will be an essential part of this effort. We are excited to welcome him to Stonepeak and look forward to his contributions to the firm."

"Stonepeak has been a trusted and strategic financing partner to infrastructure businesses globally for more than a decade with a successful platform of investments and commitments to credit and structured capital solutions across the firm's target industry sectors," said Michael Leitner, Senior Managing Director at Stonepeak. "I am looking forward to working with Ryan Roberge and the rest of the credit team to further build on the Stonepeak platform's ability to provide attractive credit and structured capital solutions to defensive, infrastructure, and real assets businesses globally."

Michael joins a Stonepeak team that has been actively investing in infrastructure credit since 2018. With this appointment, the firm expands its team of experienced credit professionals who take a disciplined approach to investing across the capital structure as they seek to create a diverse portfolio in the infrastructure and real assets sectors. The team has the deep sector insight, asset-underwriting capability, and structuring expertise to identify and execute on attractive credit investment opportunities.