Stonepeak, a global alternative investment firm that specializes in infrastructure and real assets, has invested $1.3 billion in Princeton Digital Group (PDG), a data center operator based in Singapore.
PDG said in a statement last Friday that it and Stonepeak had signed a final agreement whereby Stonepeak would invest preferred equity in PDG to support PDG’s ongoing growth throughout Asia Pacific (APAC).
This investment comes after PDG’s debt financing of $1.2 billion was recently announced.
Stonepeak’s investment and the most recent debt financing together increase PDG’s total capital raised in 2025 to $2.5 billion in debt and equity, solidifying the company’s standing as one of Asia’s top suppliers of hyperscale infrastructure.
PDG’s next phase of expansion, which will include both greenfield development and merger and acquisition (M&A) in both established and emerging Asia Pacific markets, will be aided by Stonepeak’s long-term capital.
PDG is one of the biggest and fastest-growing data center platforms in the region, with a current portfolio of more than 1.1 gigawatts spread across six countries.
PDG claimed to be in a unique position with long-term support from some of the most reputable capital partners in the world, including prominent international investors Warburg Pincus, Ontario Teachers’ Pension Plan, Mubadala, and now Stonepeak.
“This milestone investment from Stonepeak is a strong endorsement of PDG’s strategy, execution, and sustained value creation. Stonepeak shares our deep conviction in the unprecedented growth of artificial intelligence (AI) and cloud across Asia Pacific,
“With this partnership, PDG is uniquely positioned to scale with speed, continue being the trusted provider to the world’s most demanding hyperscalers, and further consolidate its position as a market leader in the region,” said Rangu Salgame, Chairman, Chief Executive Officer and Co-founder of PDG.
In the future, Warburg Pincus will remain the biggest shareholder in PDG.
According to Stonepeak’s Senior Managing Director Andrew Thomas, PDG has set itself up as one of the Asia Pacific region’s undisputed leaders in digital infrastructure platforms.
According to him, the company is well-positioned to meet the ongoing demand from hyperscalers and AI-driven platforms in the region because of its strong execution history, elite management team, and substantial power bank in important APAC hub markets.
