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Laxman Pai, Opalesque Asia:

Digital Transformation Capital Partners (DTCP), the infra investment house launched by senior venture capital execs at Deutsche Telekom, announced the second closing of its Digital Infrastructure Vehicle II (DIV II) fund with EUR 1 billion ($ 1 billion) in capital.

The Fund was launched in June 2021 and has raised additional capital from new, leading international investors, including BlackRock and abrdn, as well as a sovereign wealth fund from the Middle East and various German insurance companies, said a press release from investment management firm focused on digital transformation.

The Fund will continue to raise significant capital until its final closing in 2023, it said.

According to the release, DIV II invests in digital infrastructure - fiber networks, mobile towers, and data centers - to accelerate digital transformation and create value for its investors, its portfolio companies, and society.

"The Fund focuses on opportunities with defensible market positions and long-term value creation potential through either minority or majority European equity investments. The Fund is targeting eight to ten equity investments in the range of €150 to €250 million, offering significant co-investment opportunities to its investors," the release said.

Vicente Vento, Founder & CEO of DTCP and Managing Partner of DIV II, said: "Our existing portfolio is performing strongly and our investment pipeline holds many exciting opportuniti......................

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