The $85.1 billion Virginia Retirement System has disclosed a $100 million commitment to Digital Colony Partners II, the latest digital infrastructure fund managed by Digital Colony.
Digital Colony Partners II, the company’s second fund dedicated to communications infrastructure, has a $6 billion fundraising target, according to Data Center Knowledge.
Digital Colony invests in data centers, macro cell towers, fiber networks and small cell networks. According to Digital Colony’s website, the company actively manages 15 portfolios and affiliated companies across the digital infrastructure space, consisting of around 350,000 tower sites, more than 95 data centers and a fiber network of more than 135,000 route miles.
Digital Colony closed its inaugural fund, Digital Colony Partners, in June 2019 with $4.05 billion in equity commitments. The fund surpassed its original target of $3 billion.
The fund’s investor base consisted of a broad mix of U.S
