RIYADH: Sovereign wealth fund Mubadala Investment is looking to invest in Princeton Digital Group Pte as part of the data center operator’s fundraising plans, Bloomberg reported citing people familiar with the matter. The Abu Dhabi-based firm is likely to become the anchor investor of the round, the people said. However, a final decision has not yet been made as the deliberations are still ongoing. Singapore-based Princeton Digital has been considering raising about $400 million from investors in a deal that could boost its valuation to about $2 billion, Bloomberg reported in June. A possible initial public offering could follow, the people said. Princeton Digital runs 20 data centers in 14 cities across countries including China, Singapore, India, Indonesia and Japan. It received $360 million in equity investment in 2020 from Canadian pension fund Ontario Teachers’ Pension Plan Board, Bloomberg reported citing the board"s website. Mubadala aims to generate sustainable financial returns for its shareholder, the Government of Abu Dhabi. It is a $243 billion business spanning six continents with interests across multiple sectors and asset classes.