Stonepeak Invests in AGP Sustainable Real Assets

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.

New York headquartered Stonepeak, which manages just over $57 billion in assets, will help to accelerate 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,” said Stonepeak Hajir Naghdy, senior managing director.

AGP is presently developing, constructing, delivered and/or operating globally an aggregate portfolio of over 12GW of renewable energy assets, five million square feet of modern logistics warehousing, 310MW of datacenter capacity and 20 million square feet of community housing.

Financial terms of the deal, which is expected to close in the fourth quarter, were not disclosed.

Sidley Austin LLP is serving as legal counsel to Stonepeak, and Clifford Chance LLP is serving as legal counsel to AGP.