Stonepeak has invested an undisclosed sum in global infrastructure and real assets developer and operator AGP Sustainable Real Assets.
Singapore-based AGP said the “strategic, preferred investment” from Stonepeak will help to accelerate the growth of its portfolio across business verticals, including energy transition and sustainable community infrastructure across housing, logistics and data.
The partnership will enable Stonepeak to invest in new markets and sectors with a local partner.
“Together, Stonepeak and AGP will work to further AGP’s mission to build real assets that enable a sustainable and net zero emissions future,” AGP said.
Ben Salmon, AGP partner, said: “This strategic investment represents a pivotal milestone in AGP’s journey. We are thrilled to be working with such a high-calibre partner in Stonepeak and foresee this investment as a powerful catalyst for our forward trajectory.”
Hajir Naghdy, senior managing director at Stonepeak, said: “AGP’s global energy transition portfolio, logistics and community housing platform in India, and data centre joint venture with Stonepeak’s existing portfolio company, Digital Edge, are directly aligned with Stonepeak’s key verticals.
“The opportunity to invest in sustainable asset creation and the exposure across multiple geographies make this partnership a strong fit for Stonepeak’s Asia infrastructure strategy.”
Elmahdi Tahri, AGP partner and CIO of AMPYR Energy Global, AGP’s global renewable energy platform, said: “In Stonepeak we have found a unique like-minded partner able to support our energy transition mission across our entire footprint.”
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