Digital Edge DC raises over US$1.6 billion in new equity and debt capital to fund continued platform expansion
Summary
SINGAPORE, Jan. 6, 2025 /PRNewswire/ -- Digital Edge (Singapore) Holdings Pte Ltd. ("Digital Edge"), a leading developer and operator of interconnection and hyperscale edge data centers across Asia and portfolio company of Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced it has raised over US$1.6 billion in new capital through a combination of equity and debt financing to fuel its next phase of growth.The capital raise includes approximately $640 million of equity investment from both existing and new investors as well as $1 billion of total debt financing across multiple campus expansions. The equity raise was significantly oversubscribed, and welcomes some of the worlds largest institutional investors and sovereign wealth funds as new co-investors.The growth capital will accelerate Digital Edges expansion to meet the increasing and nuanced cloud and AI demands of its customers across the region. Digital Edge was established in early 2020 and now owns and operates 21 data centers with over 500 MW of critical IT load in service and under construction and development, with another 300 MW held for future development, across strategic locations in Japan, Korea, India, Malaysia, Indonesia, and the Philippines.This past October, Digital Edge opened its third data center in Korea, known as SEL2. "This efficient and flexible funding will accelerate the continued execution of our vision, enabling us to further build-out our digital infrastructure to better meet our customers cloud, AI, and interconnection requirements." Backed by leading alternative investment firm Stonepeak, Digital Edge has established itself as a market-leading pan-Asia data center platform.