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

Date:

Trending

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.

- Advertisement -

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.”

- Advertisement -

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.

THE SNAPSHOTS

Sign up to get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Support our independent journalism PayPal (Outside India) For PayU (For Indian Readers).

More Latest Stories

More Articles

Lado Okhotnikov: A Successful Entrepreneur Who Has Inspired Millions

Lado Okhotnikov is a successful entrepreneur, expert, publicist, and investor from Kazakhstan, widely recognized for his pioneering developments. His strategic thinking and deep technological...

PDF and eSignature Solution Provider Foxit Promotes Andrew Travis to Chief Revenue Officer

Foxit, Fremont, CA-based leading PDF and eSignature solution provider, on Tuesday announced that it has promoted Andrew Travis to Chief Revenue Officer (CRO). In his new role, Travis will report directly to CEO George Gao and lead efforts to drive revenue growth while strengthening Foxit’s...

Exploring Headless CMS: Key Benefits and Practical Applications for Modern Businesses

In the fast-paced digital world, content management systems (CMS) are essential for delivering cohesive...

Onlygood AI CEO Rajeev Sinha on Future of AI-Driven ESG Data and Supply Chain Transparency

Speaking to TechGraph, Rajeev Sinha, CEO & Co-founder of Onlygood.ai, shares insights on how...

INTERVIEW: ADDA’s Krishanu Mukherjee on Transforming Gated Communities

In an interview with TechGraph, Krishanu Mukherjee, AVP of Growth at ADDA.io, explained how...

Choosing the Right Tax Consultant: A Guide for Businesses and Individuals

For both individuals and businesses, tax planning and compliance are crucial aspects of financial...

Wired vs. Wireless Headsets: A Comparative Guide for Evolving Audio Needs

Across a wide range of demographics, including gamers, fitness enthusiasts, business executives, and remote...

The Rise of Conversational AI: What It Means for Tech and SaaS Businesses

Back in the time, when AI was not as prominent, businesses used to struggle...

Vishal Puri On Spalba’s Tech-Driven Approach To Venue Booking & Planning

Speaking to TechGraph, Vishal Puri, Co-Founder of Spalba, explains how its platform uses technologies like Digital Twins and real-time analytics to provide event planners...

Union Budget 2025: Real Estate Experts See SWAMIH 2.0, ₹15,000 Cr State Support to Ease Housing Bottlenecks

The real estate sector views the Union Budget 2025-26 as a step toward addressing...

Union Budget 2025-26 Reactions: EV Makers Welcome Tax Relief and Infrastructure Investments

India’s electric vehicle industry has welcomed the Union Budget 2025-26, citing exemptions on capital...

Gaming Industry Eyes Budget 2025 for Relief on GST and Boosted AVGC Support

With the Union Budget just days away, the gaming sector is growing hopeful that...

Preparing Your Staff To Host A Successful Business Event In Another City

A business event, a convention, and exhibition, a trade show - all of these...

TradeFT Review: Comprehensive Platform Overview 2025

The financial markets are abuzz with some pretty exciting developments as 2025 gets underway, particularly in the world of cryptocurrencies. Not long ago, Bitcoin...

Income Tax Slabs Revised in Budget 2025-26: Experts Applaud Relief for Salaried Class, VDA Taxation Still a Concern

With income tax exemption raised to ₹12.75 lakh and revisions in tax slabs, the Union Budget 2025-26 brings notable relief to taxpayers. Experts suggest these measures will enhance disposable income, leading to increased consumption and investments. The move to double the TDS exemption limit...

Union Budget 2025-26: MSME Leaders Back Investment Limit Hike, Call E-Shram Expansion Crucial

The MSME sector has responded positively to the Union Budget 2025-26, with experts highlighting...

From GCC & AI to DeepTech Investments: How Tech Experts React to the Union Budget 2025

Finance Minister Nirmala Sitharaman’s Union Budget 2025-26 has drawn mixed reactions from technology industry...

Union Budget 2025: IIT Student Strength Doubles, ₹500 Crore AI Education Center Announced

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025-26 in Parliament today, outlined...

Union Budget 2025 LIVE: FM Sitharaman Announces Reforms in Finance Sector; Increases FDI Limit to 100%

Finance Minister Nirmala Sitharaman, while presenting the Union Budget for 2025-26 in Parliament today,...

Union Budget LIVE: Finance Minsiter Nirmala Sitharaman Tables India’s Budget for 2025-26

LIVE Union Budget Coverage: The Union Budget 2025, set to be presented by Finance...

AI in Skill Development: What Budget 2025 Should Do to Close the Workforce Skills Gap

India, with its vast pool of young talent, faces a significant challenge: a widening...

Budget 2025 Expectations: Semiconductor Industry Looks for Support to Boost Domestic Manufacturing, Incentives, and Innovation Investment

As India's Union Budget 2025 approaches, the semiconductor manufacturing sector is seeking measures to...

From GST Reform to Supply Chain Stability: What the F&B and Restaurant Sector Expects from Budget 2025?

With Budget 2025 approaching, the restaurant and F&B sector is outlining its expectations for...

Solar, Renewable Sector Expects Tax Breaks, Subsidies for BESS & Solar Financing Reform From Budget 2025

As Union Budget 2025 approaches, renewable energy leaders are urging Finance Minister Nirmala Sitharaman...

Gaming Industry Eyes Budget 2025 for Relief on GST and Boosted AVGC Support

With the Union Budget just days away, the gaming sector is growing hopeful that...

Union Budget 2025-26 Reactions: Education Sector Applauds AI, Skilling Initiatives but Flags Funding Gaps

India’s education sector leaders have responded to the Union Budget 2025-26 with optimism and...

Union Budget 2025: India’s AI Budget Allocation Stirs Mixed Reactions

India’s Finance Minister Nirmala Sitharaman's announcement of a ₹500 crore fund for a Centre...

Union Budget 2025: Medical Education Seats Increased by 130% in 10 Years; 10,000 More to Be Added

Education sector Budget LIVE: Presenting the Union Budget 2025-26, Finance Minister Nirmala Sitharaman announced...

Union Budget 2025: Kisan Credit Card Loan Limit Increased to ₹5 Lakh Under Modified Interest Subvention Scheme

Finance Minister Nirmala Sitharaman, in her Union Budget 2025-26 speech, announced an increase in...

Preparing Your Staff To Host A Successful Business Event In Another City

A business event, a convention, and exhibition, a trade show - all of these...

From GST Reform to Supply Chain Stability: What the F&B and Restaurant Sector Expects from Budget 2025?

With Budget 2025 approaching, the restaurant and F&B sector is outlining its expectations for...

BUDGET 2025: Sustainability Sector Hopes for Strong Budget Support to Drive Clean Energy and Circular Economy

As the Union Budget 2025 draws near, expectations are building in the sustainable and...

Solar, Renewable Sector Expects Tax Breaks, Subsidies for BESS & Solar Financing Reform From Budget 2025

As Union Budget 2025 approaches, renewable energy leaders are urging Finance Minister Nirmala Sitharaman...