Telecom Infrastructure Partners (TIP) has secured €560m in its first debt financing, with support from InfraBridge and Swiss Life Asset Managers.
The global digital infrastructure investment firm, which commenced operations in the fourth quarter of 2021, said the financing will help scale as we serve property owners and operators of digital infrastructure worldwide.
The global digital infrastructure investment firm, which launched in late 2021, said that the financing will support its global expansion to support digital infrastructure property owners and operators.
TIP focuses on acquiring long-term or perpetual rights to rental income from properties leased to telecom operators and tower companies.
Eric Overman, TIP founder and CEO, said: “TIP are thrilled to have received crucial support from both InfraBridge, a division of DigitalBridge, and Swiss Life Asset Managers in raising a material amount of debt financing just three years after opening our doors.
“The financing will help us scale as we serve property owners and operators of digital infrastructure worldwide.”
Sadiq Malik, MD at DigitalBridge and co-head of InfraBridge, said: “This financing agreement reflects TIP’s track record and innovative approach to ground lease aggregation and investment.
“TIP’s management team has demonstrated their ability to deliver in this dynamic and growing sector, and we look forward to their continued expansion.”
Gianfranco Saladino, head of value-add infrastructure at Swiss Life Asset Managers, said: “This successful financing underscores TIP’s robust business model and the strength of its management team.
“Telecommunications infrastructure is a critical component of the global economy, and we are pleased to support TIP as they scale their operations. This transaction is a significant step forward in unlocking TIP’s growth potential.”
In January last year. Swiss Life Asset Managers acquired a major stake in TIP, elevating the manager to co-controller of the global lease aggregator of telecom sites, alongside InfraBridge.
To read the latest IPE Real Assets magazine click here.
