Here is an article about the Stonepeak investment in Princeton Digital Group:
Stonepeak to Invest USD 1.3 Billion in Princeton Digital Group, Fueling Global Data Center Expansion
NEW YORK and SINGAPORE – July 17, 2025 – Stonepeak, a leading alternative investment firm, announced today its significant commitment of USD 1.3 billion to Princeton Digital Group (PDG), a prominent pan-Asia digital infrastructure company. This substantial investment is set to accelerate PDG’s ambitious growth plans, further solidifying its position as a key player in the rapidly expanding data center market across Asia.
The partnership signifies a shared vision for the future of digital infrastructure in one of the world’s most dynamic economic regions. With the ever-increasing demand for cloud computing, artificial intelligence, and digital services, the need for advanced, reliable, and scalable data center facilities has never been greater. This investment from Stonepeak will empower PDG to significantly expand its existing footprint and develop new, state-of-the-art data center campuses in strategically important locations throughout Asia.
Princeton Digital Group has established a strong reputation for its expertise in developing, owning, and operating hyperscale and retail data centers. The company’s focus on delivering high-quality infrastructure and exceptional service has garnered the trust of leading technology companies and cloud providers. This influx of capital will enable PDG to further enhance its capabilities, leverage cutting-edge technologies, and meet the evolving needs of its global customer base.
“We are thrilled to partner with Stonepeak, a firm with a deep understanding of infrastructure and a proven track record of supporting growth-stage companies,” said Rangu Salgame, Chairman and CEO of Princeton Digital Group. “This investment is a testament to our team’s hard work, our strategic vision, and the immense opportunity within the Asian digital infrastructure landscape. With Stonepeak’s backing, we are well-positioned to accelerate our expansion and continue to provide world-class data center solutions to our clients.”
The USD 1.3 billion commitment will be instrumental in bolstering PDG’s development pipeline, allowing for the construction of new facilities and the expansion of existing ones to meet the growing demand for digital capacity. This strategic move will not only strengthen PDG’s market position but also contribute significantly to the development of robust digital ecosystems across Asia, supporting economic growth and innovation.
“We are excited to support Princeton Digital Group in its next phase of growth,” stated Trent Churchill, Managing Director at Stonepeak. “PDG has built a leading platform in a critical sector, and we believe their management team is exceptionally well-equipped to capitalize on the significant tailwinds driving demand for data center capacity in Asia. This investment aligns perfectly with our strategy of backing high-quality infrastructure businesses in attractive, long-term growth markets.”
This collaboration underscores the growing importance of digital infrastructure as a foundational element for economic development and technological advancement. The investment is expected to be finalized in the coming weeks, paving the way for PDG to embark on its next chapter of strategic expansion and development.
Stonepeak to Invest USD 1.3 Billion in Princeton Digital Group
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PR Newswire Business Technology published ‘Stonepeak to Invest USD 1.3 Billion in Princeton Digital Group’ at 2025-07-17 18:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.