Stonepeak has signed an agreement for a preferred equity investment of $1.3 billion in Princeton Digital Group (PDG), a data center operator in Asia Pacific.
With a portfolio of more than 1.1 gigawatts across six countries, PDG is one of the region’s largest and fastest-growing data center platforms. With marquee global investors such as Warburg Pincus (PDG’s largest shareholder), Ontario Teachers’ Pension Plan, Mubadala and now Stonepeak, PDG is positioned with long-term backing from some of the world’s most respected capital partners.
“PDG has established itself as one of the clear leaders among digital infrastructure platforms in the Asia Pacific region,” said Andrew Thomas, senior managing director at Stonepeak. “The company’s track record of execution, its top-tier management team and its significant power bank in critical hub markets in Asia Pacific positions it well to serve the continued demand from hyperscalers and AI-driven platforms in the re
