FOLLOW US

DigitalBridge Group Inc., the private equity heavyweight specializing in the digital ecosystem and advised by Simpson Thacher & Bartlett LLP, announced late Tuesday that it has closed its third value-added digital infrastructure fund with a staggering $11.7 billion in total commitments. The milestone reinforces the firm’s growing dominance in global digital assets, from the cloud to the edge.

The fund — DigitalBridge Partners III — includes $7.2 billion in fund commitments alongside $4.5 billion in limited partner co-investment commitments, according to the company’s announcement.

DigitalBridge’s portfolio spans the entire digital backbone: cell towers, data centers, fiber networks, small cells and edge computing infrastructure, the company said. The firm now oversees $108 billion in infrastructure assets for its LPs and shareholders.

Investments Already Underway Across High-Growth Digital Sectors

Even before the official close, the third fund had already begun deploying capital, backing companies such as Vantage Data Centers North America, Yondr Group, Orange Barrel Media, FiberNow and JTOWER. Each investment aligns with the sector’s intensifying demand for connectivity, storage and high-speed global networks.

“We structured DBP III with the flexibility and scale to pursue our highest-conviction opportunities across the digital infrastructure ecosystem,” said Kevin Smithen, chief commercial and strategy officer at DigitalBridge. He added that the fund is pouring capital into next-generation platforms — particularly hyperscale data centers, fiber routes and tower assets — in areas where DigitalBridge spotted growth before the broader market caught on.

More than 65% of commitments came from returning investors, while a wave of new LPs from Asia-Pacific, Europe and North America also joined the fund, the firm added.

AI, Hyperscale Data Centers and Power Infrastructure Take Center Stage

DigitalBridge said the significant co-investment participation underscores its ability to forge deep partnerships with investors seeking exposure to “high-quality” opportunities — especially those tied to artificial intelligence infrastructure and hyperscale data centers, the backbone of the global data economy.

“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 centers, AI-enabling infrastructure, and the power and connectivity assets that underpin them,” said Marc Ganzi, CEO of DigitalBridge. He emphasized that the firm’s decades of focus in digital infrastructure give it a unique edge in identifying where operating expertise can unlock the greatest value.

Legal Advisors Behind the Mega-Fund

DigitalBridge relied on a Simpson Thacher team led by funds partner Parker Kelsey, with support from tax partner Drew Purcell and credit partner Jen Levitt.