Stonepeak Is Said in Talks to Invest in Warburg-Backed Princeton

Stonepeak Partners is in talks to invest in data center operator Princeton Digital Group, people familiar with the matter said, as the US infrastructure investor seeks to build up its presence in Asia Pacific.

Stonepeak may seek to invest more than $1 billion in Singapore-based Princeton Digital via a structured equity deal, the people said, asking not to be identified because the deliberations are private. Talks are ongoing and no final decisions have been made, the people said, adding that details such as the final size and structure of the transaction could change.