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Laxman Pai, Opalesque Asia: U.S. investment firm focused on digital infrastructure Digital Alpha has raised more than $1 billion for its second fund.
The vehicle - Digital Alpha Fund II LP - will build a portfolio of about a dozen investments. It exceeded its initial hard cap, bringing Digital Alpha's total assets under management to over $1.5 billion, a news release said.
According to the release, the fund won backing from sovereign wealth funds, pension funds, endowments, and other investors from North America, Europe, and the Middle East.
"We're thrilled to announce the close of our second digital infrastructure fund to support the growth of the digital economy. We're proud of the role our investments play in providing secure connectivity for private- and public-sector stakeholders during the pandemic," said Rick Shrotri, founder and managing partner.
Investors include Border to Coast Pensions Partnership, Leeds, England, which committed $50 million to the fund. The pension pool's member funds have about £46 billion ($63.6 billion) in assets.
"Digital Alpha will also continue the successful strategic partnership it has had with Cisco since the firm's founding, which includes preferred access to Cisco's deal flow, engineering, and sales resources, as well as access to Cisco's broader ecosystem of channel partners and resellers. Besides, Digital Alpha is proud to cultivate strategic partnerships with other Silicon...................... To view our full article Click here
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