Funds managed by Northleaf Capital Partners intend to invest up to $300m (€272m) in US fibre network company Tillman FiberCo.
The unnamed Northleaf funds have made an initial investment of $200m as Tillman expands its fibre-to-the-home network in underserved neighbourhoods across the US. Northleaf said it plans to invest up to an additional $100m as Tillman scales its operations.
Chris Rigobon, managing director at Northleaf, said: “Tillman FiberCo’s wholesale business model, which is supported by a large anchor customer order, ensures the long-term revenue stability that our investors look for in our infrastructure portfolio.
“This investment is an excellent fit with Northleaf’s communications infrastructure strategy, providing our investors with exposure to an attractive sector while mitigating downside risk.”
Ken Dixon, CEO of Tillman FiberCo, said: “We’re confident that Northleaf’s infrastructure experience, sector expertise and extensive resources will enable us to accelerate our growth, execute our business plan and ensure the highest quality of service to our customers.”
Founded in 2021 and based in New York, Tillman designs, builds and owns high-speed internet infrastructure. The company is part of the Tillman Global Holdings portfolio, a holding company focused on investing in and operating telecommunications and energy infrastructure businesses in developed and emerging markets.
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