Pantheon Infrastructure has invested $30m (€26m) in a US digital infrastructure company through a co-investment vehicle managed by DigitalBridge Group.
The London-listed global infrastructure fund has invested in Vertical Bridge, which owns a portfolio of more than 8,000 towers and 300,000 total sites.
Vertical Bridge’s portfolio – which spreads across all 50 states and in Puerto Rico – includes towers, rooftops, billboards, utility attachments and other locations that support wireless network connectivity.
Richard Sem, a partner at Pantheon Ventures, Pantheon Infrastructure’s investment manager, said: “We are pleased to have made an investment in a sector that is experiencing such strong tailwinds, and alongside a sponsor in DigitalBridge with an excellent track record investing in this space.
“As the largest privately-owned operator of wireless communications towers in the US, and the world’s first tower company to become carbon neutral, Vertical Bridge is very well placed to capitalise on the growing demand for 5G-enabled services.”
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