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Sign in Sign up for a FREE subscriptionDigitalBridge to raise $1b for new fund
DigitalBridge Group has plans to raise more than $1 billion for a new fund, DigitalBridge Strategic Assets Fund, dedicated to longer-term bets, according to people with knowledge of the matter, reports Bloomberg.
Terms are not finalized, and the fund’s target may change.
The firm wants the money for longer-term 10- or 20-year bets, which could return 8 percent to 12 percent.
Recently, the firm closed its second flagship fund, DigitalBridge Partners II (formerly DCP II), with $8.3 billion in commitments, surpassing its original target of $6 billion in January 2022. The fund has invested in nine portfolio companies across towers, easements, hyperscale data centers, edge infrastructure, indoor DAS infrastructure and fiber, running reliable, mission-critical network infrastructure for many of the world’s leading hyperscale cloud provide
