The Business Times
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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

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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

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