Key Takeaways
- • Stonepeak closed its USD 1.3 billion preferred equity investment in Princeton Digital Group (PDG), strengthening PDG's position as a leading hyperscale infrastructure provider across Asia Pacific with existing capacity of 1.1 GW already deployed across six markets.
- • This marks Stonepeak's third data center investment in Asia Pacific and ninth globally, expanding its APAC data center portfolio to span more than 2.5 GW of capacity in operations or development.
- • PDG will deploy Stonepeak's long-term capital for greenfield development and M&A expansion across established and emerging markets in the region, with continued support from existing shareholders Warburg Pincus, Ontario Teachers' Pension Plan, and Mubadala.
- • Stonepeak manages approximately USD 76.3 billion in assets under management and specializes in defensive, hard-asset infrastructure investments with focus on downside protection and risk-adjusted returns.
- • The transaction was advised by Barclays (financial) and Sidley Austin LLP (legal) for Stonepeak, while PDG was advised by Goldman Sachs and J.P. Morgan (financial) and Latham & Watkins (legal).
Summary
Stonepeak, a leading alternative investment firm with USD 76.3 billion in assets under management, announced on August 8, 2025, the completion of its USD 1.3 billion preferred equity investment in Princeton Digital Group, a Singapore-based hyperscale data center operator serving Asia Pacific markets. The investment closes a previously announced transaction and reflects Stonepeak's conviction in PDG's strategic positioning, management team, and execution capabilities within the high-growth hyperscale infrastructure segment.
PDG currently operates 1.1 GW of hyperscale, AI-ready capacity across six markets, positioning it as a significant player in regional data center infrastructure. The Stonepeak investment will fund the company's next phase of expansion through both greenfield development of new facilities and merger-and-acquisition activity across both established and emerging APAC economies. This capital commitment underscores sustained institutional demand for data center infrastructure as artificial intelligence deployment and cloud computing adoption accelerate across the region.
The transaction expands Stonepeak's data center footprint meaningfully. This represents the firm's third data center investment specifically in Asia Pacific and its ninth globally, following prior commitments to Digital Edge, AGP Sustainable Real Assets, Cologix, CoreSite, Montera Infrastructure, Cirion, and others. Stonepeak's combined APAC data center portfolio and development pipeline now spans more than 2.5 GW of capacity, reflecting the firm's strategic concentration in defensive, essential-use infrastructure assets with strong risk-adjusted return profiles.
PDG maintains a diversified shareholder base including continued backing from Warburg Pincus, Ontario Teachers' Pension Plan, and Mubadala Investment Fund, alongside Stonepeak's new investment. This multi-sponsor structure demonstrates broad institutional conviction in the company's growth trajectory and the secular demand drivers supporting hyperscale data center expansion in Asia Pacific.
PDG currently operates 1.1 GW of hyperscale, AI-ready capacity across six markets, positioning it as a significant player in regional data center infrastructure. The Stonepeak investment will fund the company's next phase of expansion through both greenfield development of new facilities and merger-and-acquisition activity across both established and emerging APAC economies. This capital commitment underscores sustained institutional demand for data center infrastructure as artificial intelligence deployment and cloud computing adoption accelerate across the region.
The transaction expands Stonepeak's data center footprint meaningfully. This represents the firm's third data center investment specifically in Asia Pacific and its ninth globally, following prior commitments to Digital Edge, AGP Sustainable Real Assets, Cologix, CoreSite, Montera Infrastructure, Cirion, and others. Stonepeak's combined APAC data center portfolio and development pipeline now spans more than 2.5 GW of capacity, reflecting the firm's strategic concentration in defensive, essential-use infrastructure assets with strong risk-adjusted return profiles.
PDG maintains a diversified shareholder base including continued backing from Warburg Pincus, Ontario Teachers' Pension Plan, and Mubadala Investment Fund, alongside Stonepeak's new investment. This multi-sponsor structure demonstrates broad institutional conviction in the company's growth trajectory and the secular demand drivers supporting hyperscale data center expansion in Asia Pacific.
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