DigitalBridge Surpasses Target to Close Second Flagship Fund at $8.3 Billion
BOCA RATON, Fla.–(Small business WIRE)–DigitalBridge Group, Inc. (NYSE: DBRG) right now declared that DigitalBridge Expense Management, the firm’s expense administration platform (collectively “DigitalBridge”), has shut its second flagship fund, DigitalBridge Companions II, LP (formerly DCP II) (“DBP II” or “the Fund”), with $8.3 billion in commitments, surpassing its original concentrate on of $6. billion. The Fund gained sturdy need from a numerous, world group of new and existing investors, ensuing in an more than 100 {73375d9cc0eb62eadf703eace8c5332f876cb0fdecf5a1aaee3be06b81bdcf82} re-up charge from the predecessor fund based mostly on committed funds and about 70 per cent centered on the selection of buyers. The fundraising, led by DigitalBridge’s in-household Money Development team, was launched in the Summer time of 2020, and energetic fundraising efforts were materially concluded early in the fourth quarter of 2021.
“We are delighted to have finished the shut of our second and most significant fund to day, which significantly exceeded our original focus on,” explained Marc Ganzi, President and CEO of DigitalBridge. “The strong aid from LPs is a testomony to their self-confidence in our skilled team, special financial commitment approach and the compelling chances forward in digital infrastructure.”
The Fund has presently invested in nine portfolio providers throughout towers, easements, hyperscale details facilities, edge infrastructure, indoor DAS infrastructure and fiber, functioning dependable, mission-significant community infrastructure for lots of of the world’s major hyperscale cloud vendors and mobile network operators.
Mr. Ganzi continued, “We glance forward to continuing our momentum and driving returns as we strategically deploy funds from DBP II to associate with rising and entrepreneurial corporations that are enabling the subsequent era of cell and net connectivity.”
“Our robust expenditure pipeline, specialist emphasis, strategic consumer interactions and impactful decarbonization and other ESG initiatives keep on to set us aside as the leading electronic infrastructure expenditure supervisor,” claimed Kevin Smithen, Main Business and Technique Officer of DigitalBridge. “We are nicely positioned to develop on our established observe file of strengthening organizations, making optimistic results for portfolio businesses and providing strong, sustainable value for investors.”
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a primary global electronic infrastructure REIT. With a heritage of around 25 many years investing in and working corporations across the digital ecosystem which include cell towers, details facilities, fiber, little cells, and edge infrastructure, the DigitalBridge crew manages a $42 billion portfolio of electronic infrastructure property on behalf of its confined associates and shareholders. Headquartered in Boca Raton, DigitalBridge has critical workplaces in New York, Los Angeles, London and Singapore.
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This push launch could contain ahead-looking statements in the which means of the federal securities laws. Ahead-wanting statements relate to expectations, beliefs, projections, long run ideas and approaches, expected gatherings or trends and similar expressions concerning issues that are not historical points. In some circumstances, you can determine forward-seeking statements by the use of forward-wanting terminology these types of as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the unfavorable of these words and phrases and phrases or equivalent words and phrases or phrases which are predictions of or indicate long run situations or developments and which do not relate solely to historical issues. Ahead-searching statements require known and mysterious pitfalls, uncertainties, assumptions and contingencies, several of which are past our command, and may possibly result in true results to differ substantially from all those expressed in any ahead-hunting assertion. Things that might lead to this sort of a big difference include, without having limitation, the availability of, and competitors for, attractive expense opportunities, DBP II’s capacity to effectively deploy money into new electronic infrastructure investments and the earnings profile of these kinds of new investments, and other hazards and uncertainties, together with those people specific in DigitalBridge’s Annual Report on Form 10-K for the calendar year ended December 31, 2020, Quarterly Reviews on Variety 10-Q for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021, and its other reports submitted from time to time with the U.S. Securities and Trade Commission (“SEC”). All forward-searching statements reflect DigitalBridge’s great religion beliefs, assumptions and anticipations, but they are not guarantees of upcoming functionality. DigitalBridge cautions investors not to unduly count on any ahead-wanting statements. The forward-searching statements discuss only as of the date of this push release. DigitalBridge is beneath no duty to update any of these forward-searching statements soon after the day of this press release, nor to conform prior statements to true success or revised anticipations, and DigitalBridge does not intend to do so.
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