Mubadala leads over $500 million seed round in Princeton Digital Group, the leading pan-Asian data center company

Warburg Pincus and Ontario Teachers’, both current PDG shareholders, are also investing in this round

SINGAPORE, February 22, 2022 /PRNewswire/ — SingaporePrinceton Digital Group (CEO), based in Princeton, has closed an equity investment in Mubadala Investment Company (Mubadala) as lead investor for $350 million. PDG’s two existing shareholders, Warburg Pincus and the Ontario Teachers’ Pension Board, also invested in this round, totaling more than half a billion dollars.

Established in 2017, PDG is a leading Pan-Asian data center operator with an unrivaled footprint in major Asian digital economies. PDG has a portfolio of 20 data centers with over 600 MW of secure capacity spanning five countries. The company provides hyperscalers, internet and cloud enterprises and financial institutions with scalable and reliable internet infrastructure and world-class data center services to meet their growing demand in Asia.

The funds will enable PDG to consolidate its position as the leading pan-Asian data center operator, by strengthening its presence in Japan, India, Singapore, Chinaand Indonesia and accelerate 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 large internet user base, growth in digitalization, high levels of data usage and an increasingly tech-savvy young population.

Commenting on Mubadala’s investment in PDG, Khaled Abdulla Al QubaissiManaging Director of Property and Infrastructure Investments at Mubadala, said, “We are delighted to be the lead investor in PDG’s fundraising and to partner with the company on its growth journey. leading form of data center infrastructure operating in an attractive market with strong tailwinds and meeting growing demand from the hyperscale segment and more broadly from Asia digital economies. We look forward to working with the CEO leadership team to capitalize on growth opportunities and create not only long-term sustainable value creation, but also support from Asia development of digital infrastructure as a key enabler of economic progress.”

“We are delighted to have leading sovereign wealth fund, Mubadala, as another top investor in PDG. Mubadala’s track record of long-term investments, combined with extensive know-how in the area of ​​digital infrastructure, make them a great partner as we continue to evolve our We are also encouraged by the continued confidence Warburg Pincus and Ontario Teachers’ have in CEO,” said Rangu Salgame, Co-Founder, President and Chief Executive Officer. CEO leadership.

“Since our initial investment, we have been very impressed with the management team’s ability to successfully execute a highly differentiated strategy and focus on value creation. We are pleased to make a second investment in PDG to help to accelerate their growth and we look forward to partnering with Mubadala and Warburg Pincus on this journey,” said Ben Chansenior general manager of Asia Pacific at Teachers’.

“Since supporting the Founders during the CEO training era, we have been impressed with their leadership and execution of a strong thesis. We are excited to continue to be part of the CEO journey and believe that the company is best positioned to take advantage of a truly transformative market opportunity.” noted Ellen NgManaging Director, Warburg Pincus.

About CEO

Princeton Digital Group (CEO) is a leading investor, developer and operator of Internet infrastructure. Based at Singapore with a presence and operations in China, Singapore, India, Indonesiaand Japanits data center portfolio is fueling the expansion of hyperscalers and enterprises in the fastest growing digital economies across Asia. For more information, visit or follow us on LinkedIn.

About Mubadala Investment Company

Mubadala Investment Company is a sovereign investor managing a global portfolio, aiming to generate sustainable financial returns for the Government of Abu Dhabi.

Mubadala’s $243.4 billion (AED894 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep industry expertise and longstanding partnerships to generate sustainable growth and earnings, while supporting the continued diversification and global integration of the global economy. United Arab Emirates. Mubadala’s digital infrastructure unit invests in physical assets around the world, supporting the global trend of digitization and growing demand for connectivity, data storage and computing power.

Based at Abu DhabiMubadala has offices in London, Rio de Janeiro, Moscow, new York, San Francisco and Beijing. For more information about Mubadala Investment Company, please visit:

About Warburg Pincus

Warburg Pincus LLC is a leading global growth investor. The company has more than $73 billion in assets under management. The company’s active portfolio of over 235 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams looking to build sustainable businesses with lasting value. Founded in 1966, Warburg Pincus has raised 20 private equity funds and 2 real estate funds, which have invested more than $100 billion in more than 1,000 companies in more than 40 countries. The company is headquartered in new York with offices at amsterdam, beijing, Berlin, hong kong, Houston, London, Luxemburg, Bombay, Mauritius, San FranciscoSao Paulo, Shanghaiand Singapore. For more information, please visit follow us on LinkedIn.

On Ontario teachers

The Ontario Teachers’ Pension Board is the administrator of from Canada largest uni-professional pension scheme, with C$227.7 billion net assets (all figures to June 30, 2021 unless otherwise stated). It holds a globally diversified portfolio of assets, approximately 80% of which is managed internally, and has achieved an annual total net return of 9.6% since the plan’s inception in 1990. Ontario Teachers’ is an independent organization whose the head office is located at Toronto. His Asia Pacific regional offices are located at hong kong and Singaporeand his Europe, Middle East & Africa the regional office is at London. The defined benefit plan, fully funded at January 1, 2021invests and administers the pensions of the province of from Ontario 331,000 active and retired teachers. For more information, visit

Media Contacts
Princeton Digital Group
Grace Chen
[email protected]

PRecious Communications for Princeton Digital Group
[email protected]


SOURCEPrinceton Digital Group (CEO)

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