A $2.5B War Chest and Growing
The Stonepeak investment follows hot on the heels of a $1.2 billion debt financing round, pushing Princeton Digital’s 2025 capital raise to $2.5 billion—a war chest that will be used to deepen its regional footprint and fend off rising competition in a red-hot market.
PDG’s existing investors include global financial giants Warburg Pincus, Ontario Teachers’ Pension Plan, and Mubadala Capital. Despite the new capital, Warburg Pincus retains its position as PDG’s largest shareholder, ensuring continuity in long-term strategic alignment.
“PDG is one of the standout platforms in Asia’s digital infrastructure boom,” said Andrew Thoma, Stonepeak’s senior managing director. “Our partnership is a perfect match for our regional infrastructure strategy.”
Legal Titans at the Helm
On the legal front, Sidley Austin’s team, representing Stonepeak, was spearheaded by energy and infrastructure partner Alun Evans and M&A/private equity partner Tim Chandler. While Latham & Watkins LLP represented Princeton Digital, specific counsel details were not immediately available at the time of the announcement.
