Stonepeak has launched Peregrine Cold Logistics, a new platform focused on cold chain logistics across Asia Pacific and the GCC, aiming to meet the rising demand for temperature-controlled infrastructure.

Target Information

Stonepeak, a prominent alternative investment firm specializing in infrastructure and real assets, has launched Peregrine Cold Logistics, a new platform focused on cold chain logistics across Asia Pacific and the GCC. Headquartered in Singapore, Peregrine aims to cater to the growing demand for temperature-controlled infrastructure, targeting key markets such as the ASEAN region, North Asia, and the Gulf Cooperation Council (GCC). The platform plans to enhance storage capacity and provide ancillary logistics solutions for the movement of perishable goods throughout the supply chain.

Peregrine will engage in both the acquisition of existing cold chain businesses and the development of new greenfield and brownfield projects. As a significant inaugural move, Peregrine has agreed to acquire Pinnacle Cold Storage Inc., a cold storage business located in the Philippines. The leadership team comprises experienced professionals with over 30 years of industry expertise, known for scaling cold chain businesses effectively in Asia Pacific and globally, bringing a wealth of operational, technological, and customer relationship insights.

Industry Overview in Asia Pacific and the GCC

The cold chain logistics sector in Asia Pacific and the GCC is experiencing substantial growth driven by increasing urbanization, rising disposable incomes, and the escalating demand for high-quality food supply. As consumers beco