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Laxman Pai, Opalesque Asia: The global digital infrastructure investment firm DigitalBridge Group said that its investment management platform, DigitalBridge Investment Management has closed its second flagship fund, DigitalBridge Partners II LP (DBP II) with $8.3 billion in commitments.
The closing exceeds its original fundraising target of $6 billion, said a news release from the firm with over $40 billion in digital assets under management.
The Fund received strong demand from a diverse, global group of new and existing investors, resulting in an over 100 percent re-up rate from the predecessor fund based on committed capital and over 70 percent based on the number of investors, it said.
The fundraising, led by DigitalBridge's in-house Capital Formation team, was launched in the Summer of 2020, and active fundraising efforts were materially concluded early in the fourth quarter of 2021.
Marc Ganzi, President and CEO of DigitalBridge said: "The solid support from LPs is a testament to their confidence in our experienced team, unique investment strategy, and the compelling opportunities ahead in digital infrastructure."
According to the release, the Fund has already invested in nine portfolio companies across towers, easements, hyperscale data centers, edge infrastructure, indoor DAS infrastructure, and fiber, running reliable, mission-critical network infrastructure for many of the world's leading hyperscale cloud providers and mobile network operator...................... To view our full article Click here
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