Creates First Dedicated Digital Infrastructure Fund, Digital
Colony Partners
Digital Bridge and Colony Capital Combine Industry,
Operational and Investment Experience
BOCA RATON, Florida,
June 5, 2019 /PRNewswire/
-- Digital Colony Management, LLC ("Digital Colony"), a
global investment firm dedicated to strategic opportunities in
digital infrastructure, today announced the final closing of its
inaugural fund, Digital Colony Partners, LP ("the Fund"), with
$4.05 billion in commitments,
surpassing its original target of $3.0
billion. Digital Colony was launched in 2018 by Digital
Bridge Holdings, LLC, a leading investor in and operator of
companies enabling the next generation of mobile and internet
connectivity, and Colony Capital, Inc. (NYSE: CLNY), a leading
global real estate and investment management firm.
"Digital communications are evolving at an unprecedented rate;
as a result, demand is surging for network infrastructure across
towers, small cells, fiber and data centers," said Marc Ganzi, CEO and Co-Founder of Digital
Bridge. "No one has ever raised a fund solely dedicated to this
sector, but it is clear that new capital will be needed on a global
basis to support network buildout and prepare for the
implementation of 5G, IoT, AI and other forms of next generation
networks. We believe this one-of-a-kind investment platform is
well-positioned to seize attractive opportunities in an
increasingly connected world."
Commitments to the Fund came from a broad mix of U.S. and
international investors including sovereign wealth funds,
institutional fund managers, pension funds, endowments, insurance
companies, family offices and high net worth individuals, many of
whom have previously invested with Digital Bridge or Colony Capital
in other vehicles.
"Digital infrastructure represents the most compelling
investment opportunity we see today, and this demonstrates our
long-term commitment to the sector," said Thomas J. Barrack, Jr., Executive Chairman and
CEO of Colony Capital. "The strong support from our investors for
Digital Colony Partners underscores the attractiveness and
uniqueness of our investment strategy."
The Fund has made four investments to date: Andean Tower
Partners, an independent operator of wireless communications
infrastructure in Colombia,
Peru and Chile that was originally started by Digital
Bridge; Digita Oy, an owner and operator of broadcast tower
infrastructure in Finland and the
country's largest independent owner of telecom towers; a rapidly
growing U.K. platform which is currently comprised of
StrattoOpencell and iWireless Solutions, leading providers of
in-building and outdoor small cell and DAS solutions; and Peer 1, a
Toronto-based provider of
colocation, network connectivity and managed services. The Fund has
also signed a definitive agreement in partnership with EQT
Infrastructure to acquire Zayo Group Holdings, Inc. (NYSE: ZAYO),
which provides bandwidth infrastructure in the United States, Canada and Europe.
About Digital Colony
Digital Colony is a global
investment firm dedicated to strategic opportunities in digital
infrastructure. The firm was launched in 2018 by Digital Bridge
Holdings, LLC, a leading investor in and operator of companies
enabling the next generation of mobile and internet connectivity,
and Colony Capital, Inc. (NYSE: CLNY), a leading global real estate
and investment management firm. The firm brings together Digital
Bridge's industry, operational and investment expertise in the
telecommunications sector with Colony Capital's 26 years of
experience as a global investment manager. For more information,
please visit www.digitalcolony.com.
About Digital Bridge Holdings, LLC
Digital Bridge
Holdings, LLC is a leading investor in and operator of companies
enabling the next generation of mobile and internet connectivity.
Led by a team of highly experienced executives with diverse
operating and financial backgrounds, Digital Bridge has a track
record of creating value based upon its active management of
portfolio companies spanning the tower, data center, small cell/DAS
and fiber markets. The firm currently has six portfolio companies
across the United States and Latin
American digital infrastructure markets: Andean Tower Partners,
DataBank, ExteNet Systems, Mexico Tower Partners, Vantage Data
Centers, and Vertical Bridge, which collectively have raised and
invested over $9.0 billion in debt
and equity capital. Digital Bridge was formed in 2013 by
Marc Ganzi and Ben Jenkins. For more information, please visit
www.digitalbridgellc.com.
About Colony Capital, Inc.
Colony Capital, Inc. (NYSE:
CLNY) is a leading global investment management firm with assets
under management of $43 billion. The
Company manages capital on behalf of its stockholders, as well as
institutional and retail investors in private funds, and traded and
non-traded real estate investment trusts. The Company has
significant holdings in: (a) the healthcare, industrial and
hospitality property sectors; (b) Colony Credit Real Estate, Inc.
(NYSE: CLNC) and NorthStar Realty Europe Corp. (NYSE: NRE), which
are both externally managed by subsidiaries of the Company; and (c)
various other equity and debt investments. The Company is
headquartered in Los Angeles with key offices in New York, Paris
and London, and has over 400 employees across 19 locations in 12
countries. For additional information regarding the Company and its
management and business, please refer to www.clny.com.
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