Stonepeak to Invest $1.3 Billion in Princeton Digital Group

Singapore-headquartered Princeton Digital Group (PDG), Asia Pacific’s leading data center operator, has secured $1.3 billion investment from the US-based Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, to support its continued expansion across Asia Pacific.

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, reinforcing the company’s position as a leading provider of hyperscale infrastructure in Asia.

With a current portfolio of over 1.1 GW across six countries, PDG is one of the region’s largest and fastest-growing data center platforms. With marquee global investors—Warburg Pincus, Ontario Teachers’ Pension Plan, Mubadala, and now Stonepeak—PDG is uniquely positioned with long-term backing from some of the world’s most respected capital partners.

Stonepeak’s long-term capital will support the company’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.

Strong Endorsement

PDG’s Chairman, CEO and Co-founder Rangu Salgame said that this 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 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,” Salgame said.

Andrew Thomas, Senior Managing Director at Stonepeak, said that PDG has established itself as one of the clear leaders among digital infrastructure platforms in the Asia Pacific region, and its track record of execution, top-tier management team, and significant power bank in critical hub markets in APAC positions it well to serve the continued demand from hyperscalers and AI-driven platforms in the region.

“This investment is a quality fit for our Asia infrastructure strategy, and we look forward to partnering with PDG’s management team, Warburg Pincus and existing shareholders to propel the company’s next phase of growth,” Thomas added.

Ellen Ng, Co-Head of Asia Real Estate at Warburg Pincus, said that as a founding investor of PDG, they have always believed in the founders’ vision and exceptional execution capabilities and supported the company’s evolution into Asia’s preeminent data center platform.

Ellen added: “This latest investment by Stonepeak is a strong validation of PDG’s market leadership and long-term strategy. As PDG’s largest shareholder, we are excited to welcome a like-minded partner to help propel the company into its next phase of growth, supporting the surging demand for AI and cloud infrastructure across the region.”

Princeton Digital Group (PDG) has its presence and operations in Singapore, Japan, India, Indonesia, China, and Malaysia, its portfolio of data centers powers the expansion of hyperscalers and enterprises in the fastest-growing digital economies across Asia.