Cordiant Capital has secured over €200m in the first close of its value-add digital infrastructure fund, backed by investors including the European Investment Fund (EIF) and Ireland Strategic Investment Fund.
Backers of the Cordiant Digital Infrastructure Equity Fund (Cordiant Digital II) also include Siemens Financial Services and the EU under the InvestEU Programme via EIF.
Cordiant Digital II, advised by Cordiant Digital Infrastructure Management (CDIM), will prioritise investments in “high-growth businesses operating across data centres, communication towers and fibre optic networks” in Europe.
Steven Marshall, executive chairman of CDIM, said: “We are pleased to achieve this important milestone for Cordiant’s Digital Infrastructure franchise. Building on the success of our first digital infrastructure fund, it signals our ambition and leadership in supporting high-growth digital infrastructure platforms across Europe and beyond.
“Through our team, which combines deep sector expertise with a value-added approach, we are well-positioned to deliver value for our partners.”
Cédric Garnier-Landurie, managing partner and CEO at Cordiant, said: “The first close of our value-add fund, Cordiant Digital Infrastructure Equity, reflects our commitment to supporting growth in the digital infrastructure mid-market. A sector underscored by growing connectivity and data distribution requiring greater compute power and data transmission infrastructure.
“The fund’s strategy is part and parcel of Cordiant’s focus on providing capital solutions to scale mission-critical infrastructure and real assets, such as digital infrastructure, globally.”
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