VFN Holdings, a fiber infrastructure business and broadband internet provider, has announced the successful closing of a $500 million non-control growth equity investment. The investment was led by funds managed by Hamilton Lane, Braemont Capital and Delta-v Capital.
The investment supports Vero’s next phase of growth, accelerating the expansion of its fiber-to-the-premise (FTTP) and wholesale fiber networks as well as continuing strategic M&A across new and existing U.S. markets.
In connection with the transaction, Brent Burnett, head of infrastructure and real assets, and Peter Udbye, principal of infrastructure and real assets, at Hamilton Lane, along with Wali Bacdayan, partner at Braemont Capital, will join the board as value-add partners. Rand Lewis, managing partner at Delta-v Capital will continue to serve on Vero’s Board.
