Digital infrastructure investor TPG Peppertree has committed up to $1bn (€840m) to US-based Connected Infra to support the expansion of its telecommunications and technology real estate portfolio.
Connected Infra owns and operates a range of assets across the US, including towers and other similar infrastructure.
Bernard Borghei, founder, president and CEO of Connected Infra, said: “I am extremely excited about the launch of this new venture and to have the opportunity to partner with such an accomplished and respected investor group as TPG Peppertree.
“With a billion dollars of commitment from the TPG Peppertree team, we have launched our platform with a strong and stable financial foundation, allowing us to diligently pursue the execution of our strategic vision and plans.”
Ryan Lepene, co-managing partner of TPG Peppertree, said: “We are pleased to partner with an accomplished executive like Bernard and the Connected Infra Group team to support the growth and expansion of their national portfolio of telecom infrastructure assets.”
Dan Marinberg, a veteran attorney in the real estate industry, former Greenberg Traurig real estate partner and former general counsel of Vertical Bridge, has also joined Connected Infra as its chief legal officer.
Marinberg said: “I am thrilled to be working with TPG Peppertree and to rejoin Bernard with his wealth of executive expertise and personal focus on relationship building as we build a fresh, creative and collaborative company to meet the continuing and new needs of the industry.”
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