As a strategic capital associate, Stonepeak will deliver invaluable experience to the AGP administration crew, and assist to speed up the expansion of AGP’s portfolio throughout enterprise verticals together with power transition and sustainable neighborhood infrastructure throughout housing, logistics, and information. The partnership additionally offers Stonepeak the chance to speculate throughout new markets and sectors with a trusted native associate. Collectively, Stonepeak and AGP will work to additional AGP’s mission to construct actual belongings that allow a sustainable and internet zero emissions future.
Ben Salmon, AGP Accomplice, commented: “This strategic funding represents a pivotal milestone in AGP’s journey. We’re thrilled to be working with such a excessive caliber associate in Stonepeak and foresee this funding as a robust catalyst for our ahead trajectory. AGP is dedicated to reshaping the panorama of infrastructure growth. Our intention is to seamlessly combine power and neighborhood infrastructure, growing progressive sustainable options that meet society’s evolving wants.”
Hajir Naghdy, Senior Managing Director at Stonepeak added: “We look ahead to partnering carefully with AGP’s administration crew, who has over 20 years of expertise, on the event, development, and operation of sustainable infrastructure. AGP’s world power transition portfolio, logistics and neighborhood housing platform in India, and information middle three way partnership with Stonepeak’s current portfolio firm, Digital Edge, are immediately aligned with Stonepeak’s key verticals. The chance to spend money on sustainable asset creation and the publicity throughout a number of geographies make this partnership a powerful match for Stonepeak’s Asia infrastructure technique.”
Elmahdi Tahri, AGP Accomplice and CIO of AMPYR Vitality World, AGP’s world renewable power platform, added “In Stonepeak we have now discovered a novel, like-minded associate capable of assist our power transition mission throughout our total footprint, notably in Europe the place AMPYR is shaping AMPYR Photo voltaic Europe into a number one photo voltaic Unbiased Energy Producer (IPP) in Germany, the Netherlands and the UK. We’re excited to take AMPYR’s decarbonisation contribution in Europe to new heights alongside Stonepeak”.
The funding is predicted to shut in This fall 2023 topic to satisfaction of customary closing circumstances.
Sidley Austin LLP is serving as authorized counsel to Stonepeak, and Clifford Probability LLP is serving as authorized counsel to AGP.
The issuer is solely liable for the content material of this announcement.
About AGP Sustainable Actual Property
Headquartered in Singapore, AGP invests in, develops and operates sustainable actual belongings throughout three key funding themes: renewable power, infrastructure and communities, and pure capital. AGP’s mandate is to advertise actual belongings that generate optimistic affect for folks and the atmosphere, by specializing in ‘Sustainable Actual Property’: transformative infrastructure belongings that make optimistic contributions to satisfying the UN SDGs. AGP is presently growing, setting up, delivered and/or working globally an combination portfolio of over 12GW of renewable power belongings, 5msqft of contemporary logistics warehousing, 310MW of datacenter capability, and 20msqft of neighborhood housing. For extra data, please go to www.agpgroup.com and www.ampyrenergy.com.
Stonepeak is a number one various funding agency specializing in infrastructure and actual belongings with roughly $57.1 billion of belongings beneath administration. By means of its funding in defensive, hard-asset companies globally, Stonepeak goals to create worth for its buyers and portfolio corporations, and to have a optimistic affect on the communities during which it operates. Stonepeak sponsors funding autos centered on non-public fairness and credit score. The agency gives capital, operational assist, and dedicated partnership to sustainably develop investments in its goal sectors, which embrace communications, power and power transition, transport and logistics, social infrastructure, and actual property. Stonepeak is headquartered in New York with places of work in Hong Kong, Houston, London, Singapore, and Sydney. For extra data, please go to www.stonepeak.com.