SC Capital Partners Pte Ltd, the Singapore-headquartered private equity real estate fund manager, has announced the formation of a data center investment program with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

SC Capital Partners said in a statement it secured commitments for the new mandate from ADIA, with the ability to scale up over time to $2 billion of equity.

The program targets data center investments across the Asia Pacific region with a primary focus on Japan, South Korea, Singapore and Australia.

In addition, ADIA is investing into SC Capital Partners’ pan-Asian opportunistic investment strategy.

The launch of the data center investment program follows SC Capital Partners’ announcement in March that the group had created a pan-Asian data center platform subsidiary, SC Zeus Data Centers.

SC Zeus Data Centers is a vertically integrated platform with a presence in Singapore (headquarters), China, Hong Kong, Japan, South Korea and Thailand.

The platform serves as a one-stop solution to the various real estate strategies managed by SC Capital Partners, being able to offer design, development, asset management, leasing/sales, project management, operations as well as technical services for data centers across Asia Pacific.

SC Zeus Data Centers will be the operating partner for the new data centre investment program.

The program will also have the opportunity to invest alongside SC Capital Partners’ existing pan- Asian opportunistic strategy.

“This new program complements our existing pan-Asian opportunistic strategy and allows us to significantly scale up our data center capabilities and platform in the fastest developing data center region in the world,” said Suchad Chiaranussati, Chairman and Founder of SC Capital Partners.

Meanwhile, SC Zeus Data Centers Chief Executive Officer Joe Gooi said the firm is assembling a healthy pipeline of projects and will expeditiously implement its strategy of delivering best in class, efficient and sustainable data centers for its partners.

“We are confident that this program with ADIA will enhance our speed to market during this exciting phase of the growing data center sector in Asia Pacific,” he added.

SC Capital Partners was established in 2004 and is a privately owned Asia Pacific real estate investment manager headquartered and the Monetary Authority of Singapore (MAS)-licensed in Singapore.

The firm manages the Real Estate Capital Asia Partners (RECAP) series of opportunistic real estate funds and an open-end, core-plus fund, SC Core Fund (SCORE+).

More recently, the group launched a Japanese value-add hospitality fund, Japan Hospitality Fund (JHF). JHF consists of two large global institutional investors, and together with SC Capital Partners as General Partner, have made an initial commitment to the strategy of JPY61 billion ($440.33 million) with a further top-up option to increase total commitments to JPY122 billion ($880.75 million) of equity.

The SCCP Group has $6.3 billion of assets under management, comprising of entities owned and controlled by Suchad Chiaranussati and includes two listed real estate investment trust (REITs), Japan Hotel REIT, the largest hospitality REIT in Asia, and TPrime REIT, an office REIT in Thailand.

SCCP has built a successful track record over the past 18 years through its equity and credit investments in multiple property types, including logistics, office, senior living, residential, hospitality, retail, data center and mixed-use assets, across various markets throughout Asia-Pacific.

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