Stonepeak Launches Cold Chain Logistics Platform for Asia Pacific

New York-based Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has launched Peregrine Cold Logistics, a cold chain logistics platform in Asia Pacific and the GCC, to meet the accelerating demand for temperature-controlled infrastructure across the region. Headquartered in Singapore, Peregrine will target cold chain opportunities across key markets, with the goal of providing high-quality storage capacity and ancillary logistics solutions to support the movement of temperature-sensitive and perishable goods throughout the supply chain.

The new platform will seek to both acquire existing cold chain businesses and develop new greenfield and brownfield projects. In conjunction with the launch, Peregrine has agreed to acquire an initial seed asset, Pinnacle Cold Storage Inc., a cold storage business in the Philippines.

Michael Chan, managing director at Stonepeak, said, “With the cold storage industry landscape across much of Asia still highly fragmented, we believe there is an opportunity to build a specialist platform of scale to serve the growing needs of the region.”

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