Princeton Digital Group (PDG), a data center company based in Singapore, has received a $1.3 billion investment from Stonepeak, a global investment firm that focuses on infrastructure and real assets.
In a statement released last Friday, PDG announced the signing of a definitive agreement with Stonepeak, under which the latter will make a preferred equity investment in PDG to support its continued expansion across the Asia Pacific (APAC).
This investment follows PDG’s recent securing of $1.2 billion through debt financing.
With Stonepeak’s investment and the earlier debt funding, PDG has raised a total of $2.5 billion in 2025. This strengthens its position as a top provider of large-scale data infrastructure in Asia.
Stonepeak’s long-term funding will enable PDG to continue growing, including the construction of new data centers and expansion through mergers and acquisitions in both developed and emerging markets across the Asia Pacific region.
PDG currently owns more than 1.1 gigawatts of data center capacity in six countries, making it one of the biggest and fastest-growing data center companies in the region.
With top global investors like Warburg Pincus, Ontario Teachers’ Pension Plan, Mubadala, and now Stonepeak, PDG has strong, long-term support from some of the world’s most trusted investors.
Warburg Pincus will remain PDG’s largest shareholder.
“This milestone 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 artificial intelligence (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,” said Rangu Salgame, Chairman, Chief Executive Officer and Co-founder of PDG.
Meanwhile, Andrew Thomas, Senior Managing Director at Stonepeak, said PDG has established itself as one of the clear leaders among digital infrastructure platforms in the Asia Pacific region.
He said the company’s 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,” he added.
Ellen Ng, Co-Head of Asia Real Estate at Warburg Pincus, said 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.
“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,” she added.
Goldman Sachs and J.P. Morgan are advising PDG, with Latham & Watkins acting as their legal counsel.
Barclays is the financial advisor for Stonepeak, and Sidley Austin LLP is their legal counsel.
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