PE firm Stonepeak Infrastructure establishes APAC-focused data center platform

Photo by Taylor Vick on Unsplash

Infrastructure-focused private equity firm Stonepeak Infrastructure Partners and a group of investors have established an Asia Pacific-focused data centre platform, Digital Edge, according to an announcement on Monday.

US-based Stonepeak, its investors, and the Digital Edge management team have collectively committed $1 billion in equity capital to the platform, which will focus on acquiring and developing carrier-neutral data centres and related digital infrastructure assets in the Asia Pacific.

The platform aims to deliver innovative data centre and interconnect solutions to make customer deployments easy in complex, evolving environments, the announcement said.

Digital Edge will be led by CEO Samuel Lee, who served as president of Equinix’s Asia Pacific business between 2005 and 2019, and several individuals from his former senior team at Equinix, including Kei Furuta, Andrew Rigoli and Jonathan Chou. They are joined by senior executives Jay Park, who was formerly with Facebook, John Freeman, formerly with Tata Communications, and Jonathan Walbridge, formerly with Macquarie.

The platform also announced that it has closed two initial investments in data centres in Japan. The first is a partnership with Keihanshin Building Co. and Kanden Energy Solution Co., Inc for the development of a 12MW facility in central Osaka. The second is a strategic partnership with ITOCHU Techno-Solutions Corporation, for its Mejirozaka Data Center in Tokyo.

With these two transactions, Digital Edge will have an offering across the two largest data centre markets in Japan serving both domestic and international customers.

“We are excited to partner with Stonepeak and to have completed the initial capacity acquisitions to fulfil our vision of bridging the digital divide in Asia-Pacific. The transactions in Tokyo and Osaka give the platform a dual footprint offering to customers in Japan’s two primary data center markets,” said Samuel Lee.

New York-headquartered Stonepeak has $25.2 billion of assets under management and a presence in 15 countries.

It invests in hard-asset businesses and projects that provide essential services to customers, and seeks to actively partner with high-quality management teams, facilitate operational improvements, and provide capital for growth initiatives.

Earlier this year, Stonepeak had announced the acquisition of Xplornet Communications, a provider of broadband connectivity in rural Canada.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.