Stonepeak completed a $1.3bn investment in Princeton Digital Group.

Stonepeak, a private equity firm, completed a $1.3bn investment in Princeton Digital Group, a data center operator. "This milestone investment from Stonepeak is a strong endorsement of PDG's strategy, execution, and sustained value creation. Stonepeak shares our deep conviction in the unprecedented growth of AI and cloud across the Asia Pacific. With this partnership, PDG is uniquely positioned to scale with speed, continue being the trusted provider to the world's most demanding hyperscalers, and further consolidate its position as a market leader in the region," Rangu Salgame, Princeton Digital Group Co-Founder, Chairman and CEO.