DTCP, an independent investment management firm focused on digital transformation, has raised €1.6 billion ($1.7 billion) in a final close of its Digital Infrastructure Vehicle II (DIV II).
DTCP said DIV II and associated vehicles reached its fundraising target and closed at almost eight times larger than the predecessor fund. The fund has attracted capital from global investors predominantly from Europe, the United States, the Middle East and South Korea. Several investors increased their initial commitment to the fund, underscoring their commitment to DTCP’s specialist digital infrastructure strategy and its investment focus on data centers, fiber networks and mobile access sites.
DIV II is targeting equity investments in the range of €150 million to €250 million ($162 million to $270 million), along with significant co-investment opportunities for its investors. Around two-thirds of the fund is invested already. DTCP confirmed plans are under way for the nex