SC Capital Partners, a private equity real estate fund manager based in Singapore, has formed a data centre investment programme with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
SC Capital Partners secured commitments for the new mandate from ADIA, which can be scaled up to US$2 billion of equity. The programme targets data centre investments across the Asia-Pacific region with a focus on Japan, South Korea, Singapore and Australia. In addition, ADIA is investing into SC Capital Partners’ pan-Asian opportunistic investment strategy.
The programme’s launch follows SC Capital Partners’ announcement in March 2022 that it has created a pan-Asian data centre platform subsidiary, SC Zeus Data Centers.
SC Zeus Data Centers is a vertically integrated platform with a presence in Singapore (headquarters), mainland China, Hong Kong, Japan, South Korea and Thailand. The platform serves as a one-stop solution to the various real estate strategies managed by SC Capital Partners. It offers design, development, asset management, leasing/sales, project management, operations as well as technical services for data centres across Asia-Pacific.
SC Zeus Data Centers will be the operating partner for the new data centre investment programme. The programme will also have the opportunity to invest alongside SC Capital Partners’ existing pan-Asian opportunistic strategy.
"This new programme complements our existing pan-Asian opportunistic strategy and allows us to significantly scale up our data centre capabilities and platform in the fastest-developing data centre region in the world,” comments Suchad Chiaranussati, founder and chairman of SC Capital Partners.
“SC Zeus Data Centers is assembling a healthy pipeline of projects and will expeditiously implement our strategy of delivering best-in-class, efficient and sustainable data centres for our partners. We are confident that this programme with ADIA will enhance our speed to market during this exciting phase of the growing data centre sector in Asia-Pacific,” says Joe Gooi, chief executive officer of SC Zeus Data Centers.