Singapore private equity firm SC Capital Partners Pte has teamed up with the Abu Dhabi Investment Authority on a data centre investment programme that will see the deep-pocketed Emirati sovereign wealth fund put in up to US$2 billion.
They will invest in the projects of SC Zeus Data Centers, SC Capital’s eight-month-old data centre unit.
“This new programme complements our existing pan-Asia opportunistic strategy and allows us to significantly scale up our data centre capabilities and platform in the fastest developing data centre region in the world,” SC Capital Chairman and founder Suchad Chiaranussati says in a statement on November 23.
SC Zeus Data Centers is assembling a “healthy pipeline of projects”, according to Joe Gooi, the unit’s chief executive.
“We’re confident that this programme with the Abu Dhabi Investment Authority will enhance our speed to market during this exciting phase of the growing data centre sector in Asia Pacific,” he says.
The Abu Dhabi Investment Authority has around $790 billion of assets and SC Capital Partners has $6.3 billion of assets under management.