Stonepeak is investing $ 1.3 billion in Warburg Pincus-stunned data center operator Princeton Digital

Princeton Digital Group (PDG)-A data center operator, established in Singapore, supported by the American private equity company Warburg Pincus-Handen submitted on Thursday to sell $ 1.3 billion of its shares to the Infrastructure-based investment company Stonepeak.

The new capital injection – which brings up to $ 2.5 billion total funds that have been collected this year, including the $ 1.2 billion in debts in May – will support its expansion in Asia, Princeton Digital said in a Stelling.

“This milestone investment from Stonepeak is a strong approval of the strategy, implementation and persistent value creation of PDG,” said Rangu Salgame, chairman, CEO and co -founder of PDG in the statement.

Salgame and Variant Raghavan, the most important operational officer of the company, co -founder of Princeton Digital in 2017 in collaboration with Warburg Pincus. Since then, the company has grown into one of the largest data center operators in Asia with a total capacity of more than one gigawatt in 20 facilities in China, India, Indonesia, Japan, Malaysia and Singapore. PDG also has the Ontario Teachers Pension Plan and the Mubadala from Abu Dhabi to the existing investors.

In Princeton Digital, Stonepeak invests to tap some of the fastest growing digital hubs in the world. Data center capacity in the Asia -Pacific will double in 2030 to 24 gigawatts, so that the projected 18.3 Gigawatt capacity in the US surpassed, according to a recent report By real estate advisor Cushman & Wakefield.

“As the largest shareholder of PDG, we are delighted to welcome an like-minded partner to help the company push the next phase of growth, in support of the increasing demand for AI and cloud infrastructure in the region,” said Ellen Ng, co-head of Asia Real Estate at Warburg Pincus.

Led by the American billionaire Michael Dorell– who, according to Forbes, has an estimated net earth of $ 8.5 billion – Steelpeak manages $ 73 billion in assets. The company invests in sectors such as transport and logistics, digital infrastructure, energy and real estate.

“PDG has established itself as one of the clear leaders among digital infrastructure platforms in the Asia Pacific region,” said Andrew Thomas, senior director of Stonepeak. “The track record of the company of implementation, top management team and significant Power Bank in Critical Hub Markets positions it well to meet the continuous demand of hyperscalers and AI-driven platforms in the region.”