Mubadala led a funding round of USD 500 million for Pan-Asia data center operator Princeton Digital Group as it continues to build its digital infrastructure portfolio. The USD 350 million equity investment is Mubadala’s first milestone with the Singapore-based company.
Existing shareholders in Princeton Digital Group, Warburg Pincus and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), also invested in this round. Established in 2017, PDG is a leading Pan-Asia data center operator with an unrivalled footprint across key Asian digital economies. Princeton Digital Group has a portfolio of 20 data centers with more than 600MW of secured capacity spanning five countries. The company serves hyperscalers, internet and cloud companies, and financial institutions with scalable and reliable internet infrastructure and world-class data center services to meet their increasing demand across Asia.
This investment enables Princeton Digital Group 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.
