Cordiant Capital has raised £370m (€424m) for a digital infrastructure fund by issuing shares at 100p each and will list the vehicle on the London Stock Exchange on 16 February.

Last month, the manager announced plans to raise £300m as it launched an initial public offering for the Cordiant Digital Infrastructure fund which will invest in data centres, fibreoptic networks and mobile towers in the UK, Europe and North America.

“The board is delighted at the broad and deep support from our new shareholders for the launch of the company,” Shonaid Jemmett-Page, chairman of Cordiant Digital Infrastructure, said.

Jemmett-Page said: ” This is recognition, in our view, of the strength of our management team and the potential for the strategy to deliver both investment returns and positive impact across societies.”

Benn Mikula, managing partner and co-CEO of Cordiant Capital, said this is an exciting time to be investing in digital infrastructure and “we look forward to updating you on the first investments in the coming months”.

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