Partnership models and investment criteria
What we contribute goes beyond capital. Depending on the project, we bring land or power access, customer introductions, construction oversight and a defined exit route — and we structure the deal around what each party actually puts in.
Four partnership structures
The structure follows the project, not the other way around. A relationship can also change structure as a project matures.
01 · Equity Investment
Equity into a project company or operating platform, as a majority or minority holder, and frequently alongside an industrial co-investor.
- Best for: sponsors with a credible model and expansion plan
- We bring: capital, governance input, follow-on financing
- Stake: 10% – 100% depending on structure
- Horizon: 5 – 10 years, no forced redemption
02 · Asset Acquisition & M&A
Outright purchase of a facility or a portfolio. Full transfer, staged buy-in, or continued co-ownership with the incumbent sponsor.
- Best for: holders with a defined exit horizon
- Structure: 100% buy-out, or partial with earn-out
- Settlement can be staged; management can be retained
- Ticket size: USD 10M – 250M
03 · Joint Development
A joint-venture platform with landowners, power providers and operators, where contributions are made in kind rather than cash alone.
- Best for: complementary resources needing coordination
- Contributions: cash, land, power capacity, customer contracts
- Shared development risk and shared asset returns
- Earn-outs, redemption rights and priority returns available
04 · Pre-REITs & Exit Structuring
Preparing stabilised assets for a REIT, a trust or a secondary trade so that sponsors can recycle capital rather than hold indefinitely.
- Best for: long-hold owners seeking capital recycling
- We assist with asset preparation and compliance readiness
- Sponsors can retain operational management
- We may also participate at listing as cornerstone investor
Transparent thresholds
Publishing our criteria saves both sides time. Projects meeting most of these move straight into diligence.
| Dimension | What we assess | Indicative threshold |
|---|---|---|
| Location & latency | Proximity to Bangkok metro, industrial estates and carrier routes | ≤ 10 ms to Bangkok; ≤ 25 ms regional |
| Power capacity | Secured supply, dual feeds, expansion headroom, tariff structure | ≥ 10 MW per project, expansion potential preferred |
| Energy efficiency | Cooling architecture, PUE target, renewables, water strategy | PUE ≤ 1.40 at entry, improving to ≤ 1.30 |
| Tenants & leases | Counterparty quality, lease tenor, occupancy, renewal visibility | Anchor tenant with ≥ 5-year term preferred |
| Ticket size | Total transaction value, single asset or portfolio | USD 3M – 250M |
| Returns | Levered IRR, cash distribution yield, residual value upside | Levered IRR ≥ 13% |
| Title & compliance | Land title, permits, zoning, corporate and licence history | Clean title, or remediable and fully disclosed |
| Delivery capability | Sponsor’s construction record, operational team, leasing ability | Demonstrated comparable project experience preferred |
Where we can be flexible
Priority corridors, secured anchor tenants or genuinely scarce assets can justify relaxing the size and stage thresholds.
What we add beyond capital
Site assessment, grid and power coordination, customer introductions, construction oversight and exit preparation.
Confidentiality
An NDA can be executed before any detailed disclosure. Materials are restricted to our internal investment team.
From first contact to close
Every stage has a defined output and a stated timeframe. A named investment manager owns your file throughout.
Submit
Project owners upload a proposal and materials. Partners submit their organisation profile and objectives.
→ Reply in 5 business days
Initial call
A 30-minute call covering strategic fit, the key commercial terms and any obvious blockers.
→ Scheduled in 10 business days
Investment review
Internal review, then a written indication of interest with a proposed transaction structure.
→ Decision in 30 business days
Diligence & close
Financial, legal, technical and power diligence, then documentation and funding.
→ 1 – 4 months by complexity
Confidentiality and compliance
All submitted materials are used solely for investment assessment and are accessible only to our internal investment team. We do not resell data or disclose project information, tenant names or commercial terms without written authorisation. An NDA can be signed before any detailed disclosure.
Which route applies to you?
Two entry points, two dedicated teams. Pick the one that fits.