Data centre specialist Princeton Digital raises $500 mln, led by Mubadala

The funding will enable the Princeton Digital to deepen its presence in Japan, India, Singapore.

Asian data centre operator Princeton Digital Group (PDG), which is backed by Warburg Pincus, has raised more than $500 million in an equity investment round led by Abu Dhabi state fund Mubadala.

While Mubadala led the round with a $350 million cheque, existing shareholders Warburg Pincus and Ontario Teachers’ Pension Plan Board (Ontario Teachers’) accounted for the rest.

Established in 2017, PDG is a leading pan-Asia data center operator with a footprint across key Asian digital economies. It has a portfolio of 20 data centres and serves internet, cloud companies, and financial institutions with scalable and reliable infrastructure.

The funds