DigitalBridge has announced the close of its third value-added digital infrastructure fund, having secured total commitments of $11.7bn (£8.9bn), citing “strong” participation from limited partners (LPs).
DigitalBridge Partners III (DBP III) closed with more than $7.2bn in fund commitments and $4.5bn in fund LP co-investment commitments.
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More than 65 per cent of commitments secured across the DBP III portfolio came from existing DigitalBridge Partners fund series investors, along with several new LPs from Asia-Pacific, Europe, and North America.
The strategy is focused on “high-quality” opportunities, especially around AI and “hyperscale” data centres.
DBP III has constructed a portfolio invested in Vantage Data Centers North America, Yondr Group, Orange Barrel Media, FiberNow, and JTOWER.
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“With strong fund commitments and meaningful co-investment from our LPs, this capital formation milestone positions us to scale into the opportunities we’ve been building toward – in hyperscale data centres, AI-enabling infrastructure, and the power and connectivity assets that underpin them,” said Marc Ganzi, chief executive of DigitalBridge.
“We structured DBP III with the flexibility and scale to pursue our highest-conviction opportunities across the digital infrastructure ecosystem,” added Kevin Smithen, chief commercial and strategy officer at DigitalBridge.
“The fund is already deploying capital into next-generation platforms where we identified growth potential ahead of the market, including hyperscale data centers, fiber, and tower infrastructure.”
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