DigitalBridge raises $1.1B for digital infrastructure credit fund
DigitalBridge Group closed its digital infrastructure credit fund, DigitalBridge Credit (DBC), and its parallel vehicles, which raised aggregate commitments of $1.1 billion, including related co-investment obligations alongside the Fund.
DBC is the inaugural fund in DigitalBridge’s credit strategy, which focuses on delivering investment solutions to support the growth of companies across the digital infrastructure sector. The Fund has a global investor base consisting of pension funds, insurance companies, sovereign wealth funds, asset managers, family offices and private wealth platforms.
DBC is supported by both existing DigitalBridge investors and new investors with a specific interest in gaining exposure to infrastructure credit.
The DigitalBridge Credit team has made 11 investments across data centers, fiber, satellite broadband and cloud infrastructure. The DigitalBridge Credit strategy targets debt investments across all sub-sectors of digital infrastructure, with a focus on current income-based returns in first lien term loans, second lien term loans, and junior debt.
Latham & Watkins LLP advised DigitalBridge on the formation of the Fund.
Dean Criares, the head of credit at DigitalBridge, said that the new funding reflects its relationship with investors and clients as it pursues new infrastructure deals.
“This is an important time to invest in this industry and sector,” he said. “We believe the addressable market in digital infrastructure is large and expanding, leaving opportunities to deliver quality assets to our investors at a predictable pace.”
For related articles, visit the Business Topic Center.
For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.
About the Author
Sean BuckleySean Buckley
Sean is the Editor-in-Chief of Lightwave. He establishes and executes Lightwave's editorial strategy across its website, email newsletters, events, and other information products. Before coming to Lightwave in July 2023, he served as editor of Broadband Communities. Earlier, he served as senior editor of FierceTelecom and the editor of the former Telecommunications Magazine. He got his start in the optical industry in 1998 when he became the editor of enterprise and optical networks at Information Gatekeepers. He has a BA in English from the University of Massachusetts, Boston, and lives in Dracut, Mass, with his wife, two sons, and his cat, Dove.
