Stonepeak, an alternative investment firm specializing in infrastructure and real assets, will make a preferred equity investment of US$1.3 billion in Princeton Digital Group (PDG) to support its continued expansion across the Asia-Pacific region.
This investment follows PDG’s recently announced $1.2 billion debt financing. Together, Stonepeak’s investment and the recent debt financing bring the total capital raised by PDG in 2025 to $2.5 billion across equity and debt. This reinforces the company’s position as a leading provider of hyperscale infrastructure in Asia.
With a current portfolio of over 1.1 gigawatts across six countries, PDG is one of the region’s largest and fastest-growing data center platforms. Global investors that have put their money in PDG include Warburg Pincus, Ontario Teachers’ Pension Plan, Mubadala, and now Stonepeak.
Stonepeak’s long-term capital will support the PDG’s next phase of growth, including both greenfield development and M&A, across both established and emerging Asia Pacific markets. Warburg Pincus will continue to be PDG’s largest shareholder.
“This milestone investment from Stonepeak is a strong endorsement of PDG’s strategy, execution, and sustained value creation,” said Rangu Salgame, chairman, CEO and co-founder of PDG.
Andrew Thomas, senior managing director at Stonepeak, said this investment is “a quality fit for our Asia infrastructure strategy.”
Ellen Ng, co-head of Asia real estate at Warburg Pincus, said, this latest investment by Stonepeak is “a strong validation of PDG’s market leadership and long-term strategy.”
PDG is being advised by Goldman Sachs and J.P. Morgan, and Latham & Watkins as legal counsel. Barclays is serving as financial advisor and Sidley Austin LLP is serving as legal counsel to Stonepeak.
