Stonepeak Completes $1.3 Billion Investment in Princeton Digital Group
Deal News | Aug 08, 2025 | Stonepeak
Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has finalized a $1.3 billion preferred equity investment in Princeton Digital Group (PDG). This capital injection supports PDG in strengthening its role as a leading provider of hyperscale infrastructure across the Asia Pacific region. The partnership with Stonepeak and the ongoing support from Warburg Pincus, Ontario Teachers Pension Plan, and Mubadala enables PDG to pursue growth through greenfield developments and mergers and acquisitions. This marks Stonepeak's third data center investment in Asia Pacific, enhancing its global data center portfolio with over 2.5 GW of capacity under management or development. Barclays and Sidley Austin LLP advised Stonepeak, while Goldman Sachs, J.P. Morgan, and Latham & Watkins advised PDG.
Sectors
- Infrastructure Investment
- Data Centers
- Private Equity
Geography
- Asia Pacific – PDG operates and is expanding data center infrastructure across fast-growing APAC markets such as China, India, and Indonesia.
- United States – Stonepeak is headquartered in New York and manages global investments, highlighting US involvement in international infrastructure.
- Singapore – As PDG's headquarters, Singapore is a central point for its operations and strategy in the APAC region.
Industry
- Infrastructure Investment – The article discusses Stonepeak's investment in PDG, focusing on digital infrastructure expansion in the APAC region.
- Data Centers – Princeton Digital Group’s focus is on developing and operating data centers, which are critical infrastructure for digital economies.
- Private Equity – Stonepeak is a private equity firm making significant investments in hard-asset businesses globally, including infrastructure.
Financials
- USD 1.3 billion – The amount of Stonepeak's preferred equity investment in Princeton Digital Group.
- USD 76.3 billion – Stonepeak's total assets under management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stonepeak | Investor | Company | Stonepeak is an alternative investment firm with a focus on infrastructure and real assets. |
| Princeton Digital Group (PDG) | Target Company | Company | PDG is a developer and operator of internet infrastructure based in Singapore, with operations throughout APAC. |
| Warburg Pincus | Existing Investor | Company | An existing investor in PDG, supporting its growth in the APAC region. |
| Ontario Teachers Pension Plan | Existing Investor | Company | Provides ongoing investment support to PDG. |
| Mubadala | Existing Investor | Company | Supports PDG's strategic expansions in the APAC region. |
| Barclays | Financial Advisor to Stonepeak | Company | Provided financial advisory services to Stonepeak for this investment. |
| Sidley Austin LLP | Legal Counsel to Stonepeak | Company | Served as legal counsel for Stonepeak in the investment transaction. |
| Goldman Sachs | Financial Advisor to PDG | Company | Supported PDG with financial advisory services in the deal. |
| J.P. Morgan | Financial Advisor to PDG | Company | Provided financial advisory services to PDG for this investment. |
| Latham & Watkins | Legal Counsel to PDG | Company | Served as legal counsel for PDG in the transaction. |