Private equity firm PAG eyes cloud assets after US$2bil bet

HONG KONG: PAG will create a new digital infrastructure company after the Asia-focused private equity firm invested in US$2bil (RM8.48bil) of assets in the space, betting on the rising demand for data storage from the region’s fast-growing technology industry.

The business will focus on the acquisition of data centres and fibre networks in Japan, Australia and other Asian markets, Kris Kumar, the operation’s newly appointed chairman, said in an interview.