Singaporean knowledge centre firm Digital Edge raises over $1.6 billion

SINGAPORE (Reuters) – Singapore-headquartered knowledge centre firm Digital Edge stated on Monday it had raised over $1.6 billion in new capital by way of a mixture of fairness and debt financing to fund its subsequent section of progress.

Digital Edge is a portfolio firm of Stonepeak, a New York-headquartered funding agency specialising in infrastructure and actual property, with about $70 billion of property below administration.

Digital Edge stated in an announcement that the capital raised included round $640 million of fairness funding from each current and new buyers, in addition to $1 billion of complete debt financing.

Digital Edge stated the expansion capital will likely be used to fund growth to satisfy the growing cloud and synthetic intelligence calls for of its clients throughout Asia.

Established in 2020, Digital Edge now owns and operates 21 knowledge centres with over 500 megawatt in service and below development and improvement, with one other 300 megawatt held for future improvement, in Japan, Korea, India, Malaysia, Indonesia, and the Philippines, based on the assertion.