Pan-Asia data-center operator Princeton Digital Group (PDG) has closed a $350 million equity investment from Mubadala Investment Company.
Existing PDG shareholders Warburg Pincus and Ontario Teachers’ Pension Plan Board also invested more than $500 million in the funding round.
“We are excited to have a leading sovereign fund Mubadala as another blue-chip investor in PDG,” said Rangu Salgame, co-founder, chairman and CEO of PDG. “Mubadala’s track record of long-term investments combined with extensive know-how in the digital infrastructure space makes it a great partner as we continue to scale our business. We are also heartened by the continued trust and confidence placed by both Warburg Pincus and Ontario Teachers’ in PDG.”
Singapore-based PDG operates a portfolio of 20 data centers with more than 600 megawatts of secured capacity, spanning five countries. The company serves hyperscalers, internet and cloud companies, and financial institutions t