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With as much as $10 billion potentially lined up for investment, this is one of APAC’s largest cash ventures to come to light in recent years.
Founder and Editor, The Tech Capital
November 30, 2021 | 1:21 AM GMT
Hong Kong private investment manager PAG Real Estate has launched FLOW Digital Infrastructure, a new regional platform designed to capitalise on the rapidly growing demand for digital infrastructure in the Asia Pacific region.
The company is set to be headed by industry veteran Kris Kumar, who will be joined by Teruo Iwamoto as chief financial officer and head of acquisitions, Grant Yabsley as director, corporate development South East Asia, Ari Druker, Director as Corporate Development North Asia, and Danny Sawlani, director, investments.
Between them, the new team has more than eight decades of experience in the Asian digital infrastructure space, including investment, acquisition, financing and developing digital infrastructure projects.
PAG partnered with entrepreneur Kumar last August to form an investment vehicle to build digital infrastructure across Asia. The new business was set to include PAG’s approximately US$2 billion in investments in the digital infrastructure sector, with plans to invest $10 billion over the next five to seven years.
Chairman of the venture, Kris Kumar, said: “As a brand, FLOW captures the essence of digital infrastructure’s importance to the future development of the region.
“Just as railways, seaports, and airports evolved to manage the flow of physical goods around the world, our investments in digital infrastructure must manage the flow of the bits and bytes that increasingly power our region’s economies and our everyday lives.
“FLOW Digital Infrastructure is set to be a key player in this revolution. By strategically investing in physical assets of the digital infrastructure ecosystem, and by providing a seamless, consistent customer offering across the region.”
Jon-Paul Toppino, PAG Group President, said: “PAG Real Estate has been actively investing in digital infrastructure over the past few years, and we expect to make significant investments in the sector in the years ahead.
“With FLOW Digital Infrastructure, we are leveraging PAG’s experience, expertise and access to capital to create one of Asia’s leading companies in this space. We are excited to support the team Kris is putting together and are looking forward working with them to capture the unprecedented opportunities for growth that digital infrastructure represents.”
PAG Real Estate is one of Asia’s largest and most experienced real estate investment platforms. Founded in 1997 as Secured Capital Japan, it has invested more than $33 billion in Asia, acquiring and managing more than 7,000 properties.
PAG Real Estate is part of PAG, an Asia-focused private investment manager. PAG employs more than 200 investment professionals in 11 key offices, and currently manages US$45 billion in capital on behalf of institutional investors from Europe, North America, Asia, Australia and the Middle East.
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