DigitalBridge has received $1.1bn (€1bn) in capital commitments at the close of its inaugural digital infrastructure credit strategy.
The global digital infrastructure asset manager said the DigitalBridge Credit (DBC) fund, together with parallel vehicles, received the capital commitments from global investors including pension funds, insurers, sovereign wealth funds, asset managers, family offices and private wealth platforms.
DBC is supported by existing DigitalBridge investors and new investors with a specific interest in gaining exposure to infrastructure credit, the manager said.
DigitalBridge’s credit strategy focuses on delivering investment solutions to support the growth of companies across the digital infrastructure sector. The strategy targets debt investments across all sub-sectors of digital infrastructure, with a focus on current income-based returns in first-lien term loans, second lien term loans and junior debt.
So far, the DigitalBridge credit team has made 11 investments, across data centres, fibre, satellite broadband and cloud infrastructure, the manager said.
Dean Criares, head of credit at DigitalBridge, said establishing DigitalBridge’s brand within the expanding private credit sector reflects support from senior management and the “strength of our relationships and partnerships with industry experts as we source and diligence opportunities”.
He said: “This is an important time to be investing in this industry and sector. We believe the addressable market in digital infrastructure is large and expanding, leaving opportunities to deliver quality assets to our investors at a predictable pace.”
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