ADIA to Feed Capital into SC Partners Data Center Efforts
Posted on 11/23/2022
The Abu Dhabi Investment Authority (ADIA) formed a joint venture with Singapore-based SC Capital Partners Pte Ltd. The JV will target data centers across the Asia Pacific region with a primary focus on Japan, South Korea, Singapore, and Australia. The JV has the potential to scale upward towards US$ 2 billion worth of equity over time.
In addition, ADIA is investing into SC Capital Partners’ pan-Asian opportunistic investment strategy fund.
Earlier, SC Partners created its pan-Asia data center platform called “SC Zeus Data Center. SC Zeus Data Center” which is headquartered in Singapore. SC Zeus Data Centers will be the operating partner for the new data center investment program.
According to SWFI transaction data: Over the last decade, ADIA and other global asset owners have been active in the data center industry.