Stonepeak Invests $1.3 Billion In Warburg Pincus-Backed Data Center Operator Princeton Digital

I write Asia's richest, fast-growing es, and startups (something worth watching), given the current landscape

Getty Princeton Digital Group (PDG)—a Singapore-based data center operator backed by U

Private equity firm Warburg Pincus—said Thursday it has agreed to sell $1. 3 billion of its s to New York-based infrastructure-focused investment firm Stonepeak

In contrast, 5 billion total funds raised this year, including the $1. 2 billion in debt raised in May—will support its expansion across Asia, Princeton Digital said in a statement. “This milestone investment from Stonepeak is a strong endorsement of PDG’s strategy, execution, and sustained value creation,” Rangu Salgame, chairman, CEO and cofounder of PDG said in the statement

Since then, the company has grown to become one of Asia’s biggest data center operators with a total capacity of more than one gigawatts across 20 facilities in China, India, Indonesia, Japan, Malaysia and Singapore, in today's market environment

Furthermore, PDG also counts the Ontario Teachers Pension Plan and Abu Dhabi’s Mubadala among its existing investors

On the other hand, Stonepeak is in Princeton Digital to tap into some of the world’s fastest growing digital hubs

Nevertheless, 3 gigawatt capacity in the U, given the current landscape. , according to a recent report by real estate consultant Cushman & Wakefield, amid market uncertainty

MORE FOR YOU “As PDG’s largest holder, we are excited to welcome a -minded partner to help pel the company into its next phase of growth, supporting the surging demand for AI and cloud infrastructure across the region,” Ellen Ng, co-head of Asia real estate at Warburg Pincus said

Billionaire Michael Dorell—who has an estimated net worth of $8. 5 billion according to Forbes—Stonepeak manages $73 billion in assets

Additionally, The firm invests in sectors such as transportation and logistics, digital infrastructure, energy, and real estate

Conversely, “PDG has established itself as one of the leaders among digital infrastructure platforms in the Asia Pacific region,” Andrew Thomas, senior managing director at Stonepeak said

However, “The company’s track record of execution, top-tier management team, and significant power bank in critical hub positions it well to serve the continued demand from hyperscalers and AI-driven platforms in the region. ” Got a tip (quite telling)

Confidential information with Forbes (this bears monitoring)

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