In a high-voltage move that underscores the explosive demand for digital infrastructure across Asia, alternative investment powerhouse Stonepeak has poured $1.3 billion into Princeton Digital Group (PDG) in a landmark preferred equity deal. The transaction, announced Friday, marks one of the region’s largest private infrastructure investments this year and sets the stage for an aggressive expansion of Princeton’s already formidable data center footprint.
The strategic infusion—orchestrated with legal backing from Sidley Austin LLP for Stonepeak and Latham & Watkins LLP for PDG—aims to supercharge the company’s greenfield development, M&A initiatives, and rapid scale-up in both mature and frontier Asia Pacific markets.
Firing on All Cylinders in Asia’s Digital Arms Race
Singapore-headquartered Princeton Digital, a heavyweight in the hyperscale infrastructure arena, said the new funding will accelerate its dominance across six countries, including Japan, India, China, Indonesia, and Malaysia.
“This milestone investment from Stonepeak is a resounding vote of confidence in our strategy, execution, and vision,” said PDG Chairman and CEO Rangu Salgame. “Together, we’re turbocharging our ability to serve the world’s most demanding hyperscalers at unprecedented speed.”
The firm’s data center portfolio currently spans more than 1.1 gigawatts—a staggering capacity that places it among the largest digital infrastructure platforms in the Asia Pacific.
