Early Life
Michael Dorrell was born in August 1973, in Australia, and grew up in Griffith, New South Wales. He earned a Bachelor of Laws and a Bachelor of Commerce from the University of New South Wales in Sydney.
Rise to Success
Dorrell's career began at Macquarie, where he worked for over a decade, eventually becoming a Senior Managing Director. He then joined Blackstone as a Senior Managing Director and Co-Head of the Infrastructure Investment group. In 2011, Dorrell co-founded Stonepeak, an infrastructure investment firm based in New York City, and currently serves as its CEO. Under his leadership, Stonepeak has grown to manage $72 billion in infrastructure assets. Dorrell is also the Chairman of Stonepeak. In 2023, Blue Owl Capital invested $2 billion for a minority stake in Stonepeak, valuing the firm at around $15 billion.
Key Business Strategies
Dorrell's strategy focuses on investing in essential infrastructure businesses, including logistics, energy, and digital infrastructure. Stonepeak's investments span various sectors, from water desalination plants to data centers and gas pipelines. A key element of Dorrell's approach is a focus on long-term, predictable income streams and high barriers to entry, which has contributed to Stonepeak's consistent investment performance.
Philanthropy
While specific amounts are unavailable, Dorrell is involved in philanthropic initiatives, as is the norm with high-profile executives.