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Ex-Blackstone Dealmakers Said to Plan Austin Office in Tax Move (1)

June 5, 2018, 4:26 PM

Stonepeak Infrastructure Partners, a $15 billion firm led by former Blackstone Group LP dealmakers, is expanding its reach in the Lone Star State in part to protect its executives from potentially higher New York state taxes.

The firm is planning to open an office in Austin, Texas, according to a memo sent to investors June 5 that was obtained by Bloomberg News. Stonepeak co-founders Mike Dorrell and Trent Vichie are among those who have decided to relocate their families to Austin, but the duo will initially spend a majority of workdays in New York, said people with knowledge of ...

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