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.”
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