The Business Times
business-time-50

Asia’s data centre rush is making some unique skills highly desirable

Private equity firms are on the hunt for skilled operators, including reliable power suppliers, to meet the region’s growing demand for AI computing needs

google-preferred-sourceAdd BT as a preferred source
Joan Ng

Joan Ng

Published Mon, Jul 1, 2024 · 05:00 AM
    • Private equity group KKR and Singapore-listed telco Singtel are jointly investing in ST Telemedia Global Data Centres, which owns STT Singapore 6 (above), in an example of how private equity is seeking out data centre management expertise.
    • Private equity group KKR and Singapore-listed telco Singtel are jointly investing in ST Telemedia Global Data Centres, which owns STT Singapore 6 (above), in an example of how private equity is seeking out data centre management expertise. PHOTO: KKR

    IF YOU have built or operated a data centre, a private equity (PE) house may be looking for you. Ditto if you know how to supply a building with consistent power in various Asian markets.

    In anticipation of artificial intelligence (AI) computing needs, private capital is pouring into the region’s data centre industry.

    PE funds, sitting on heaps of dry powder, are among the few investors with the financial wherewithal for the expensive task of building and running data centres.

    Private equityData centres

    TRENDING NOW

    Why is Apac poised to become such a significant market for aviation?

    Asia-Pacific aviation: is up really the only way?

    ‘If a family develops a muscle for decision-making through philanthropy, these abilities can be carried across into more complex and emotionally charged conversations around succession, inheritance and stewardship,’ says Scott Chang, head of philanthropy, Asia, wealth planning and family advisory at Standard Chartered Global Private Bank.

    Philanthropy should belong in the family wealth conversation: Standard Chartered Global Private Bank

    Russian President Vladimir Putin (right) meeting Myanmar President Min Aung Hlaing (left) at the Grand Kremlin Palace in Moscow on Aug 18.

    Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies

    Andrew Yeo was at the helm of Income Insurance in July 2024 when Allianz proposed to buy a majority stake in it.

    Income Insurance CEO Andrew Yeo resigns, company in process of identifying successor

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More