•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Laxman Pai, Opalesque Asia:

North American alternative manager Novacap Investments has launched a new fund to invest more than $1 billion in digital infrastructure projects across North America.

The Novacap Digital Infrastructure Fund I exceeded its target and raised money from existing and new institutional investors, family offices, and high-net-worth investors from North America, Europe, the Middle East, and Asia in primary fund commitments along with co-investments.

"I would like to thank our long-standing investors for their support and take this opportunity to welcome new investors to our new platform. A commitment of this size for a new platform is a testament to our experienced and dedicated team's track record of helping entrepreneurs build leading companies while delivering sustainable long-term value to all stakeholders," said Pascal Tremblay, President & CEO, Managing Partner, Novacap.

Digital infrastructure represents one of Novacap's specialized strategies, complementing its investments in technology, industries, and financial services. Establishing this platform builds on the firm's prior experience in the sector and aligns its expertise with market opportunities.

The Fund focuses on equity investments in North American lower mid-market companies providing essential connectivity and data access services backed by robust, existing physical assets.

The new fund is targeting about 10 regional companies that sell connectivity and data access......................

To view our full article Click here