DigitalBridge Surpasses Target to Close Second Flagship Fund at $8.3 Billion
January 19 2022 - 6:30AM
Business Wire
Leading Investment Manager Focused Exclusively
on Digital Infrastructure Raises More Than Twice Inaugural Fund
DigitalBridge Group, Inc. (NYSE: DBRG) today announced that
DigitalBridge Investment Management, the firm’s investment
management platform (collectively “DigitalBridge”), has closed its
second flagship fund, DigitalBridge Partners II, LP (formerly DCP
II) (“DBP II” or “the Fund”), with $8.3 billion in commitments,
surpassing its original target of $6.0 billion. The Fund received
strong demand from a diverse, global group of new and existing
investors, resulting in an over 100 percent re-up rate from the
predecessor fund based on committed capital and over 70 percent
based on the number of investors. The fundraising, led by
DigitalBridge’s in-house Capital Formation team, was launched in
the Summer of 2020, and active fundraising efforts were materially
concluded early in the fourth quarter of 2021.
“We are pleased to have completed the close of our second and
largest fund to date, which significantly exceeded our initial
target,” said Marc Ganzi, President and CEO of DigitalBridge. “The
solid support from LPs is a testament to their confidence in our
experienced team, unique investment strategy and the compelling
opportunities ahead in digital infrastructure.”
The Fund has already invested in nine portfolio companies across
towers, easements, hyperscale data centers, edge infrastructure,
indoor DAS infrastructure and fiber, running reliable,
mission-critical network infrastructure for many of the world’s
leading hyperscale cloud providers and mobile network
operators.
Mr. Ganzi continued, “We look forward to continuing our momentum
and driving returns as we strategically deploy capital from DBP II
to partner with growing and entrepreneurial businesses that are
enabling the next generation of mobile and internet
connectivity.”
“Our robust investment pipeline, specialist focus, strategic
customer relationships and impactful decarbonization and other ESG
initiatives continue to set us apart as the leading digital
infrastructure investment manager,” said Kevin Smithen, Chief
Commercial and Strategy Officer of DigitalBridge. “We are well
positioned to build on our proven track record of strengthening
businesses, generating positive outcomes for portfolio companies
and delivering strong, sustainable value for investors.”
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global digital
infrastructure REIT. With a heritage of over 25 years investing in
and operating businesses across the digital ecosystem including
cell towers, data centers, fiber, small cells, and edge
infrastructure, the DigitalBridge team manages a $42 billion
portfolio of digital infrastructure assets on behalf of its limited
partners and shareholders. Headquartered in Boca Raton,
DigitalBridge has key offices in New York, Los Angeles, London and
Singapore.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Factors that might cause such a
difference include, without limitation, the availability of, and
competition for, attractive investment opportunities, DBP II’s
ability to successfully deploy capital into new digital
infrastructure investments and the earnings profile of such new
investments, and other risks and uncertainties, including those
detailed in DigitalBridge’s Annual Report on Form 10-K for the year
ended December 31, 2020, Quarterly Reports on Form 10-Q for the
quarters ended March 31, 2021, June 30, 2021 and September 30,
2021, and its other reports filed from time to time with the U.S.
Securities and Exchange Commission (“SEC”). All forward-looking
statements reflect DigitalBridge’s good faith beliefs, assumptions
and expectations, but they are not guarantees of future
performance. DigitalBridge cautions investors not to unduly rely on
any forward-looking statements. The forward-looking statements
speak only as of the date of this press release. DigitalBridge is
under no duty to update any of these forward-looking statements
after the date of this press release, nor to conform prior
statements to actual results or revised expectations, and
DigitalBridge does not intend to do so.
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version on businesswire.com: https://www.businesswire.com/news/home/20220118006296/en/
Private Investors: Kevin Smithen Chief Commercial and
Strategy Officer kevin.smithen@digitalbridge.com (646) 883-2846
Leslie Golden Managing Director, Global Head of Capital
Formation and Investor Relations leslie.golden@digitalbridge.com
(646) 585-6541
Public Investors: Severin White Managing Director, Head
of Public Investor Relations severin.white@digitalbridge.com (212)
547-2777
Media: Joele Frank, Wilkinson Brimmer Katcher Jonathan
Keehner / Aura Reinhard dbrg-jf@joelefrank.com (212) 355-4449
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