SINGAPORE AND NEW YORK, USA – Media OutReach – November 3, 2023 – AGP Sustainable Real Assets (“AGP”), a Singapore-based global developer and operator of infrastructure and real assets, today announced an investment strategic privilege of Stonepeak, a leading alternative company. investment company specializing in infrastructure and real estate assets.
As a strategic capital partner, Stonepeak will bring valuable expertise to AGP’s management team and help accelerate the growth of AGP’s portfolio across all business sectors, including energy transition and infrastructure sustainable communities in the areas of housing, logistics and data. The partnership also gives Stonepeak the opportunity to invest in new markets and sectors with a trusted local partner. Together, Stonepeak and AGP will work to advance AGP’s mission of creating real assets that enable a sustainable, net-zero emissions future.
Ben Salmon, Partner at AGP, commented: “This strategic investment represents a crucial step in AGP’s journey. We are delighted to be working with a partner of such caliber in Stonepeak and anticipate this investment as a powerful catalyst for our future trajectory. AGP is committed to reshaping the infrastructure development landscape. Our goal is to seamlessly integrate energy and community infrastructure, developing innovative sustainable solutions that meet the changing needs of society.
Hajir Naghdy, Senior Managing Director of Stonepeak, added: “We look forward to working closely with the AGP management team, who have over 20 years of experience in the development, construction and operation of sustainable infrastructure. AGP’s global portfolio in energy transition, logistics and community housing platform in India and data center joint venture with Stonepeak’s existing portfolio company, Digital Edge, are directly aligned with key sectors verticals from Stonepeak. The opportunity to invest in the creation of sustainable assets and exposure to multiple geographies makes this partnership an ideal fit for Stonepeak. Infrastructure strategy in Asia.
Elmahdi Tahri, AGP Partner and CIO of AMPYR Energy Global, AGP’s global renewable energy platform, added: “In Stonepeak, we have found a unique, like-minded partner capable of supporting our mission to energy transition across our entire presence, particularly in Europe where AMPYR is present. making AMPYR Solar Europe one of the leading independent solar power producers (IPPs) in Germany, the Netherlands and the United Kingdom. We are delighted to take AMPYR’s contribution to decarbonisation in Europe to new heights alongside Stonepeak.”
The investment is expected to close in the fourth quarter of 2023 subject to compliance with customary closing conditions.
Sidley Austin LLP is legal advisor to Stonepeak and Clifford Chance LLP is legal advisor to AGP.
The issuer is solely responsible for the content of this announcement.