ADIA and SC Capital have formed a new partnership to invest up to $2 billion in data centres across the Asia-Pacific region, according to a report by Bloomberg, with the investment programme to be managed by SC Zeus Data Centres, a pan-Asian platform developed by SCCP in February.
In addition, ADIA will also invest in SC Capital’s pan-Asian opportunistic investment strategy fund.
The investment programme will focus on investments in Japan, Singapore, South Korea and Australia.
ADIA, one of Abu Dhabi’s two sovereign wealth funds, manages assets in excess of $708 billion, while SCCP has been investing across the Asia Pacific region for the last 18 years and has equity commitments of the tune of $2.9 billion. Its limited partners include institutional investors across five closed-end opportunistic funds and one open-end core-plus fund.
