AGP Sustainable Real Assets attracts strategic investment from Stonepeak
AGP SUSTAINABLE Real Assets (AGP), a Singapore-based global infrastructure and real assets developer and operator, yesterday announced a strategic, preferred investment from Stonepeak, a major global alternative investment firm specialising in infrastructure and real assets.
AGP partner Ben Salmon said as a strategic capital partner, Stonepeak would bring valuable expertise to the AGP management team and help to accelerate the growth of AGP’s portfolio across business verticals including energy transition and sustainable community infrastructure across housing, logistics, and data.
The partnership would also give Stonepeak the opportunity to invest across new markets and sectors with a trusted local partner. Together, he said, Stonepeak and AGP would work to further AGP’s mission to build real assets that enable a sustainable and net zero emissions future.
“This strategic investment represents a pivotal milestone in AGP’s journey,” Mr Salmon said. “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.
“AGP is committed to reshaping the landscape of infrastructure development. Our aim is to seamlessly integrate energy and community infrastructure, developing innovative sustainable solutions that meet society’s evolving needs.”
Stonepeak senior managing director, Hajir Naghdy said, “We look forward to partnering closely with AGP’s management team, who have over 20 years of experience in the development, construction, and operation of sustainable infrastructure.
“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.”
AGP partner and CIO of AMPYR Energy Global, AGP’s global renewable energy platform, Elmahdi Tahri said, “In Stonepeak we have found a unique like-minded partner able to support our energy transition mission across our entire footprint. We are excited to take AMPYR’s decarbonisation contribution to new heights alongside Stonepeak.”
Headquartered in Singapore, AGP invests in, develops and operates sustainable real assets across three key investment themes: renewable energy, infrastructure and communities, and natural capital. AGP’s mandate is to promote real assets that generate positive impact for people and the environment, by focusing on ‘sustainable real assets’— transformative infrastructure assets that make positive contributions to satisfying the UN Sustainable Development Goals (SDGs). AGP is presently developing, constructing or operating globally an aggregate portfolio of more than 12GW of renewable energy assets, 5msqft of modern logistics warehousing, 310MW of data centre capacity, and 20msqft of community housing.
Stonepeak is headquartered in New York with offices in Sydney, Hong Kong, Houston, London and Singapore. It is a major alternative investment firm specialising in infrastructure and real assets with about $57.1 billion of assets under management.
A spokesperson for the company said through its investment in defensive, hard-asset businesses globally, Stonepeak aimed to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates.
Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, social infrastructure, and real estate.