SC Capital Partners Pte Ltd (“SC Capital Partners”), a Singapore-headquartered private equity real estate fund manager, has announced the formation of a data center investment programme with a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”).
SC Capital Partners secured commitments for the new mandate from ADIA, with the ability to scale up over time to USD$2 billion of equity, it said in a statement. The programme targets data center investments across the Asia Pacific region with a primary focus on Japan, South Korea, Singapore and Australia. In addition, ADIA is investing into SC Capital Partners’ pan-Asian opportunistic investment strategy.
SC Zeus Data Centers will be the operating partner for the new data centre investment programme. The programme will also have the opportunity to invest alongside SC Capital Partners’ existing pan-Asian opportunistic strategy.
Suchad Chiaranussati, Chairman and Founder of SC Capital Partners said:
“This new programme complements our existing pan-Asian opportunistic strategy and allows us to significantly scale up our data center capabilities and platform in the fastest developing data center region in the world.”
The launch of the data center investment programme follows SC Capital Partners’ announcement in March 2022 that the Group had created a pan-Asian data center platform subsidiary, SC Zeus Data Centers.
Joe Gooi, Chief Executive Officer of SC Zeus Data Centers said:
“SC Zeus Data Centers is assembling a healthy pipeline of projects and will expeditiously implement our strategy of delivering best in class, efficient and sustainable data centres for our partners. We are confident that this programme with ADIA will enhance our speed to market during this exciting phase of the growing data centre sector in Asia Pacific.”
SC Zeus Data Centers is a vertically integrated platform with a presence in Singapore, China, Hong Kong, Japan, South Korea and Thailand. The platform serves as a one-stop solution to the various real estate strategies managed by SC Capital Partners, being able to offer design, development, asset management, leasing/sales, project management, operations as well as technical services for data centers across Asia Pacific.
Private equity is chasing data centers increasingly. In September, Evolution Data Centres (EDC) has entered into a joint venture with affiliates of Warburg Pincus, a global private equity giant for the development of sustainable hyper-scale data centers in the fast-growing cloud markets in Southeast Asia.
