Michael Dorrell, CEO of Stonepeak, highlighted investment opportunities arising from Donald Trump’s presidency, particularly in digital infrastructure and supply chain realignment. Speaking to the Washington State Investment Board, he noted the increasing demand for data transfer infrastructure but cautioned about high capital competition. Dorrell expressed optimism about investment sentiment under Trump, despite concerns over shifting policies and potential trade disputes affecting infrastructure costs. He remains cautious about U.S. offshore wind projects reliant on government support but is positive about energy transition investments, including grid upgrades and carbon-capture technologies. Stonepeak recently acquired a stake in the Coastal Virginia Offshore Wind Project.