DigitalBridge Group, Inc., a global alternative asset manager, has successfully completed its funding round for the newly established DigitalBridge Credit (Onshore), LP and related vehicles, collectively known as DBC. The fund has garnered $1.1 billion in capital commitments, drawing on a wide-ranging international investor base that includes pension funds and sovereign wealth funds. The fund's strategy is to invest in debt instruments targeting income-based returns within the digital infrastructure sector.
The DBC fund has made significant strides by securing 11 investments in various digital sub-sectors, such as Data Centers and Satellite Broadband. These investments primarily focus on secured debt positions, including first lien term loans. This move reflects DigitalBridge's strategic initiative to leverage its extensive industry relationships and expertise in digital infrastructure to tap into private credit markets.
Dean Criares, a representative of DigitalBridge, highlighted the importance of capitalizing on timely opportunities within the rapidly growing digital infrastructure market. The company's decision to venture into private credit is supported by its existing backers, indicating a strong vote of confidence in DigitalBridge's new direction.
With over two decades of experience and managing assets worth approximately $75 billion, DigitalBridge operates from key global locations including New York and Singapore. The company's footprint allows it to advise investors on the evolving digital ecosystem and the associated potential risks. Despite an optimistic outlook on the growth opportunities in digital infrastructure credit investments, DigitalBridge cautions stakeholders about market uncertainties that could impact forward-looking statements.
Legal counsel for the formation of DBC was provided by Latham & Watkins LLP, ensuring that the fund's establishment adhered to legal and regulatory standards. This inaugural credit fund represents a significant milestone for DigitalBridge as it continues to expand its portfolio and influence within the digital infrastructure space.
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