Princeton Digital Group secures $1.2 Billion for APAC expansion

Details: Manny Pham; Category: Data Centres & Networks; 18 July 2025; 4387 views

Asia Pacific data centre operator Princeton Digital Group (PDG) has secured a US$1.2 billion investment from private equity firm Stonepeak to accelerate its regional expansion.

The fresh capital injection follows PDG’s recent raising of US$1.2 billion in debt financing, bringing its total funding in 2025 to approximately US$2.5 billion. The funds will support PDG’s growth strategy, which includes mergers and acquisitions as well as the development of data centre infrastructure in underserved markets.

PDG currently operates a portfolio with a capacity of 1.1 gigawatts across six countries. Its investor base includes Warburg Pincus, the Ontario Teachers’ Pension Plan, and Mubadala. Warburg Pincus remains the company’s largest shareholder.

“This investment is a strong fit for our Asia infrastructure strategy,” said Andrew Thomas, Senior Managing Director at Stonepeak. “We look forward to partnering with PDG’s management, Warburg Pincus, and other existing shareholders to drive the company’s next phase of growth.”

Ellen Ng, Co-Head of Asia Real Estate at Warburg Pincus, added: “Stonepeak’s investment is a strong endorsement of PDG’s market leadership and long-term vision. As PDG’s largest shareholder, we’re excited to welcome a like-minded partner to support the company’s continued expansion and to meet surging demand for AI and cloud infrastructure across the region.”