Stonepeak invests $1.3 billion to boost data center growth in Asia

In a significant development for the data center industry, Princeton Digital Group, a Singapore-based operator, has announced a substantial investment from Stonepeak, a New York-based investment firm. This partnership aims to bolster Princeton Digital's expansion across Asia, reflecting the increasing demand for digital infrastructure in the region. This investment was made after Princeton Digital had already raised a total of $2.5 billion in 2025, comprising both equity and debt financing, demonstrating strong investor confidence in the company's potential. Founded in 2017 with the backing of Warburg Pincus, Princeton Digital has rapidly grown to become one of Asia's largest data center operators. The company manages over one gigawatt of capacity across 20 facilities in diverse markets including China, India, Indonesia, Japan, Malaysia, and Singapore. With the growing emphasis on digital solutions, Princeton Digital's strategic expansions are positioned to meet the increasing data demands driven by advancements in artificial intelligence and cloud services. Industry reports suggest that data center capacity in the Asia Pacific is expected to double to 24 gigawatts by 2030, surpassing the anticipated growth in the U.S. market. This growth trend highlights the region's transformation into a global hub for technology and digital services, creating both opportunities and challenges for the industry players involved. Stonepeak, as a strategic partner, is set to leverage this burgeoning market, reinforcing Princeton Digital's commitment to innovation and improvement in digital infrastructure. As the digital landscape continues to evolve, the partnership between Stonepeak and Princeton Digital reflects a growing recognition of the strategic importance of data centers. Stakeholders, including existing investors like the Ontario Teachers Pension Plan and Abu Dhabi's Mubadala, are keen on supporting initiatives that drive growth and efficiency in data center operations. This investment is not merely financial; it also comes with the expectation of enhancing operational capabilities to meet the surging demand from hyperscalers and platforms relying on AI technologies. The significant investment will play a crucial role in determining what the future of digital infrastructure will look like in a rapidly changing global economy.