Singapore-based private-equity firm Seraya Partners closed an $800 million fund targeting new infrastructure projects across Asian markets, with a focus on data centers and the green energy transition. The initiative is supported by investors including BlackRock and the Asian Infrastructure Investment Bank (AIIB).
Focused on mid-market opportunities, the fund aims to invest in infrastructure assets in Asia, with an average check size of $100 million.
The equity firm has strategically identified supply-and-demand gaps within the digital infrastructure and energy transition sector, making significant strides in deploying the fund. Nearly half of the funds have already been allocated to three key companies in Asia: data center operator Empyrion DC, offshore wind farm vessel operator Cyan Renewables and renewable energy firm Astrid Renew.
Seraya Partners’ new fund has secured capital from a diverse range of global institutional investors, including sovereign wealth funds, pension funds, insurers and family offices spanning North America, Europe and the Asia-Pacific region.
Data Center Infrastructure in APAC Region Gains Traction
Last year, the fund initiated a $400 million data center project in South Korea, managed by Empyrion DC. Established with the equity firm’s fund, Empyrion DC focuses on data centers in the APAC markets, particularly targeting green energy data center projects to address gaps in Asia’s developing data center industry.
The APAC region stands out as one of the rapidly growing markets in global data center developments, prominently led by countries such as Japan, India, China, Australia, South Korea, Taiwan and various Southeast Asian nations.
In a recent development, major tech companies, including Amazon Web Services (AWS), Google, and Microsoft, have unveiled plans to invest $8.46 billion in Thailand, signaling their intent to establish data centers within the country.
Data centers play a crucial role as the backbone of the internet, ensuring the smooth flow of information and digital services. Companies are strategically looking to invest in this sector to actively contribute to the ongoing development of the evolving digital landscape in Asia.
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