Pan-Asia data center company PDG raises $500mn+ in equity round led by Mubadala

Pan-Asia data center company PDG raises $500mn+ in equity round led by Mubadala

Mubadala Investment Company, an Abu Dhabi state-owned holding company, has led a funding round of over $500 million for Singapore-based data center operator Princeton Digital Group (PDG). The $350 million equity investment by Mubadala is its first in PDG.

This round included investments from both existing PDG shareholders, the US-based Warburg Pincus and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), for a total of more than half a billion dollars.

The funds will enable PDG to consolidate its position as the leading Pan-Asia data center operator, by deepening its presence in Japan, India, Singapore, China, and Indonesia and accelerating its expansion plans into other markets.

Asia is one of the fastest-growing data center regions in the world, driven by strong market fundamentals such as a large base of internet users, the growth of digitalization, high levels of data usage and an increasing tech-savvy young population.

Khaled Abdulla Al Qubaisi

CEO

Real Estate,

Infrastructure Investments

Mubadala “We are thrilled to be the lead investor in PDG’s fundraise and partner with the company on its growth journey. PDG is a leading data center infrastructure platform operating in an attractive market with strong tailwinds and catering to rising demand from the hyperscale segment and more broadly Asia’s digital economies. We look