Fengate Asset Management's infrastructure team has closed an equity investment and future commitment to a portfolio of built-to-suit multi-tenant wireless communications towers managed by TowerCom.
TowerCom is a communications tower developer and owner focused on some of the fastest-growing wireless markets in the United States, according to Fengate.
“Our partnership with TowerCom builds on Fengate's track record with critical infrastructure across North America and we are pleased to expand our platform with the rapidly evolving wireless industry,” said Andrew Cogan, managing director and head of infrastructure investments at Fengate. “This represents our first investment in digital infrastructure, which is quickly emerging as a strategic asset class for infrastructure investors.”
Fengate is investing alongside Boston–based M/C Partners and is managing this investment on behalf of its Fengate Core Infrastructure Fund III and its affiliated entities.
