DigitalBridge‘s investment management platform DigitalBridge Investment Management has closed its second flagship fund, DigitalBridge Partners II, LP, with $8.3 billion in commitments, surpassing its original target of $6 billion.
“We are pleased to have completed the close of our second and largest fund to date, which significantly exceeded our initial target,” said Marc Ganzi, President and CEO of DigitalBridge. “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.”
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 operators.
Ganzi continued, “We look forward to continuing our momentum and driving returns as we strategically deploy capital from DBP II to partner with growing and entrepreneurial businesses that are enabling the next generation of mobile and internet connectivity.”
“Our robust investment pipeline, specialist focus, strategic customer relationships and impactful decarbonization and other ESG initiatives continue to set us apart as the leading digital infrastructure investment manager,” said Kevin Smithen, Chief Commercial and Strategy Officer of DigitalBridge. “We are well positioned to build on our proven track record of strengthening businesses, generating positive outcomes for portfolio companies and delivering strong, sustainable value for investors.”