The $7.75 billion District of Columbia Retirement Board has committed up to $35 million to Tiger Infrastructure II, according to board meeting documents. The commitment is subject to contract negotiations.
Tiger Infrastructure II is managed by Tiger Infrastructure Partners, a middle-market private equity firm that invests in growing infrastructure platforms. The firm focuses on infrastructure businesses primarily in the communications, energy and transportation sectors in North America and Europe. It targets businesses that offer the potential for growth, often driven by above-average demand growth, expansion, development or acquisitions.
Tiger’s most recent investment was in Crosslake Fibre. Crosslake was established to develop fiber-optic cable projects throughout North America, including a new submarine fiber-optic cable from Toronto to Buffalo, New York, through Lake Ontario. The project, announced in May 2017, will be the first submarine cable system across Lake Ontario to directly connect Toronto and the United States.
