DigitalBridge has secured $11.7bn (€10.1bn) in capital commitments for its latest digital infrastructure strategy, focusing on data centres, fibre and various cell tower infrastructure.
The value-add DigitalBridge Partners III (DBP III) digital infrastructure fund secured over $7.2bn in fund commitments and $4.5bn in co-investment capital.
The manager said over 65% of DBP III commitments came from existing DigitalBridge Partners investors, with the remainder coming from new limited partners across Asia-Pacific, Europe and North America.
As previously reported, New York State Common Retirement Fund committed $50m to a DigitalBridge co-investment vehicle, following its earlier $275m direct commitment to DBP III.
DBP III also received commitments of $150m from Maryland State Retirement and Pension System and $50m from the Employees Retirement System of Texas.
The New York State Teachers Retirement System also committed $100m to the fund and invested an additional $50m into a sidecar co-investment fund.
The fund’s current portfolio includes firms such as Vantage Data Centers North America, Yondr Group, Orange Barrel Media, FiberNow and Jtower.
Marc Ganzi, CEO of DigitalBridge, said: “With strong fund commitments and meaningful co-investment from our limited partners, this capital formation milestone positions us to scale into the opportunities we’ve been building toward — in hyperscale data centres, AI-enabling infrastructure, and the power and connectivity assets that underpin them.
“As an investor with decades of experience focused exclusively on digital infrastructure, we’re investing where our operating expertise creates the most value.”
Kevin Smithen, chief commercial and strategy officer at DigitalBridge, said: “We structured DBP III with the flexibility and scale to pursue our highest-conviction opportunities across the digital infrastructure ecosystem.
“The fund is already deploying capital into next-generation platforms where we identified growth potential ahead of the market, including hyperscale data centres, fibre, and tower infrastructure.”
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