DigitalBridge has raised $8.3bn (€7.2bn) for its second flagship fund, surpassing its original $6bn target.
The NYSE-listed global digital infrastructure trust said the DigitalBridge Partners II fund, (DBP II) after receiving “strong demand from a diverse, global group of new and existing investors”.
The fundraising was launched in the summer of 2020, and active fundraising efforts were materially concluded early in the fourth quarter of 2021.
Marc Ganzi, president and CEO of DigitalBridge, said: “We are pleased to have completed the close of our second and largest fund to date, which significantly exceeded our initial target.
“The solid support from limited partners is a testament to their confidence in our experienced team, unique investment strategy and the compelling opportunities ahead in digital infrastructure.”
DigitalBridge said the fund has already invested in nine portfolio companies across towers, easements, hyperscale data centres, edge infrastructure, indoor DAS infrastructure and fibre.
Kevin Smithen, chief commercial and strategy officer of DigitalBridge, said: “Our robust investment pipeline, specialist focus, strategic customer relationships and impactful decarbonisation and other ESG initiatives continue to set us apart as the leading digital infrastructure investment manager.
“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.”
DigitalBridge’s DataBank to buy data centres from CyrusOne
A portfolio company of DigitalBridge is buying four US data centres worth $670m from CyrusOne.
NYSE-listed DigitalBridge said DataBank has agreed to buy the data centres in the Houston, Texas metro area from CyrusOne, a global data centre real estate investment trust.
The transaction is being funded by an investor group led by DigitalBridge, DataBank’s controlling shareholder. DigitalBridge is investing $80m to maintain its 20% ownership position in DataBank.
DigitalBridge said the data centre acquisition positions DataBank as the largest independent data centre provider in Houston as it adds more than 300,000sqft of raised-floor data centre capacity to DataBank’s portfolio.
Following the close of the transaction, DataBank’s total portfolio will feature more than 65 facilities.
Raul Martynek, DataBank’s CEO, said: “We are excited to add the high-growth Houston market to DataBank’s portfolio, marking a significant milestone in our expansion efforts as we enter into our 27th metro area and add to what is already the largest edge infrastructure footprint in the US.”
With this acquisition, DataBank is extending its footprint in a strong growth market with significant expansion potential, continuing its strategic focus on carrier-rich data centres in critical metro areas across the US,” Ganzi said.
To read the latest edition of the latest IPE Real Assets magazine click here.
