Digital Colony reportedly seeks to raise $6bn for communications infrastructure
Global investment firm Digital Colony is allegedly looking for up to $6 billion for its second fund set aside for communications-infrastructure bets, according to people with knowledge of the matter.
According to Bloomberg, the company has started discussions with potential investors including pensions and sovereign-wealth funds, according to the people who wished to remain anonymous.
It is also rumoured that the firm is looking to hold a first close on the fund by November, according to the people on the inside.
Data Economy reached out to Digital Colony for comment, to which the investment firm said they will not be commenting.
Last year, Digital Colony Management announced the final closing of its inaugural fund, Digital Colony Partners, LP, with $4.05 billion in commitments. The company revealed that the $4.05 billion surpassed its original target of $3.0 billion.
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Digital Colony was launched in 2018 by Digital Bridge Holdings, LLC, an investor in and operator of companies enabling the next generation of mobile and internet connectivity, and Colony Capital, a global real estate and investment management firm.
Commenting on last year’s fund, Marc Ganzi, CEO and Co-Founder of Digital Bridge said digital communications are evolving at an unprecedented rate; as a result, demand is surging for network infrastructure across towers, small cells, fibre and data centres.
He also added that no one has ever raised a fund solely dedicated to this sector, but it is clear that new capital will be needed on a global basis to support network buildout and prepare for the implementation of 5G, IoT, AI and other forms of next generation networks.
Elsewhere, last month it was revealed that Colony Capital, the investment division of Digital Colony Management is set to purchase data centre assets from Brazil’s Grupo Folha.
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