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  • AGP Sustainable Real Assets Announces Strategic Investment from Stonepeak

    Published on November 6, 2023

     AGP Sustainable Real Assets, a Singapore-based global infrastructure and real assets developer and operator, today announced a strategic, preferred investment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets.

    As a strategic capital partner, Stonepeak will 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 also gives Stonepeak the opportunity to invest across new markets and sectors with a trusted local partner. Together, Stonepeak and AGP will work to further AGP’s mission to build real assets that enable a sustainable and net zero emissions future.

    Ben Salmon, AGP Partner, commented: “This strategic investment represents a pivotal milestone in AGP’s journey. We are thrilled to be working with such a high caliber 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.”

    Hajir Naghdy, Senior Managing Director at Stonepeak added: “We look forward to partnering closely with AGP’s management team, who has over 20 years of experience, on the development, construction, and operation of sustainable infrastructure. 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. 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.”

    Sunil Pareek, Executive Director of Assetz Property Group, AGP’s Indian real estate infrastructure platform added: “The stars are aligning in India for an era of unprecedented growth. On the back of economic expansion, already we are witnessing a significant step in the demand for broader community infrastructure, including logistics warehousing, renewable energy and data storage. Stonepeak’s strategic investment couldn’t have come at a more opportune time. Stonepeak’s agenda of ramping up infrastructure assets that ‘underpins our daily lives’ in a sustainable manner aligns seamlessly with our vision. This collaboration heralds a new chapter for the overall group, empowering us to make significant strides in the Indian infrastructure landscape.”

    The investment is expected to close in Ǫ4 2023 subject to satisfaction of customary closing conditions.

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


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