Stonepeak, an alternative investment firm focused on infrastructure and real assets, has made an investment in AGP Sustainable Real Assets, a Singapore-based global infrastructure and real assets developer and operator.
Stonepeak will bring experience to the AGP management team, and help to drive the growth of AGP’s portfolio across business verticals including energy transition and sustainable community infrastructure across housing, logistics and data. The partnership also gives Stonepeak the opportunity to invest across new markets and sectors with a local partner.
AGP’s global energy transition portfolio, logistics and community housing platform in India, and data center joint venture with Stonepeak’s existing portfolio company, Digital Edge, are directly aligned with Stonepeak’s key verticals,” states Hajir Naghdy, senior managing director at Stonepeak. “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.”
Sidley Austin LLP is serving as legal counsel to Stonepeak, and Clifford Chance LLP is serving as legal counsel to AGP.