Industry Updates

AGP (“AGP Sustainable Real Assets”) Announces Strategic Investment from Stonepeak

Published: November 6, 2023
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AGP Sustainable Real Assets (“AGP”), 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 AGPs 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 AGPs 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 AGPs 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 societys evolving needs.”

Hajir Naghdy, Senior Managing Director at Stonepeak added, “We look forward to partnering closely with AGPs management team, who has over 20 years of experience, on the development, construction, and operation of sustainable infrastructure. AGPs global energy transition portfolio, logistics and community housing platform in India, and data center joint venture with Stonepeaks existing portfolio company, Digital Edge, are directly aligned with Stonepeaks key verticals. The opportunity to invest in sustainable asset creation and the exposure across multiple geographies make this partnership a strong fit for Stonepeaks Asia infrastructure strategy.”

Sunil Pareek, Executive Director of Assetz Property Group, AGPs 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. Stonepeaks strategic investment couldnt have come at a more opportune time. Stonepeaks 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 Q4 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.

About AGP Sustainable Real Assets

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. AGPs 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 SDGs. AGP is presently developing, constructing, delivered and/or operating globally an aggregate portfolio of over 12GW of renewable energy assets, 5msqft of modern logistics warehousing, 310MW of datacenter capacity, and 20msqft of community housing.

For more information, please visit www.agpgroup.com, www.ampyrenergy.com and www.assetzproperty.com.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.1 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims 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. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney.

For more information, please visit www.stonepeak.com.

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