A firm that targets investment asset classes such as fibre cable networks, mobile telecoms towers, and data centres, has earned equity cheques from the likes of BlackRock, Abrdn, as well as a Middle Eastern sovereign wealth fund and various German insurers.
Digital Transformation Capital Partners (DTCP) has so far raised €1 bn for its Digital Infrastructure Vehicle II (DIV II).
New investors have taken part in a second closing following the first round of limited partners signing up in the wake of the fund launch in June 2021. The company said a final close is slated for 2023.
DIV II qualifies as an Article 8 fund under the EU Sustainable Finance Disclosure Regulation (SFDR), targeting to invest at least 20% of the capital in assets qualifying as sustainable investments.
So far, the company has made €730 mln of commitments on behalf of the new fund.
For example, DIV II was a founding investor in the new Cellnex NL, an independent telecommunications tower company in the Netherlands formed through the combination of the Deutsche Telekom and Cellnex tower businesses. The fund also invested alongside others in Open Dutch Fiber and E-Fiber, which jointly constitute the largest independent open access fiber-to-the-home network in the Netherlands.
Finally, the fund has recently signed its latest investment into a leading European data centre business, which is expected to be completed shortly.
Vicente Vento, founder & CEO as well as managing partner of DIV II, said the second closing was an ‘important milestone’ in the firm’s ‘journey to accelerate digital transformation and create a diverse, equal and carbon neutral digital society.’
The Hamburg-based company has offices in London, Luxembourg, San Francisco, Seoul, and Tel Aviv.
