In a bold move that reshapes the landscape of digital infrastructure financing, Latham & Watkins LLP, guiding the alternative asset manager DigitalBridge Group Inc., announced the successful launch of an unprecedented digital infrastructure credit fund. This fund, amassing over $1.1 billion in commitments, signifies a new epoch in digital investment, marrying innovation with financial acumen.
The New Titan: DigitalBridge Credit (Onshore) LP
Dubbed the DigitalBridge Credit (Onshore) LP, this fund embarks on a journey across the digital infrastructure universe. Its target: a myriad of debt investments spanning the entire digital cosmos, from the core subsectors to the uncharted territories of digital realms. At its heart, the fund seeks to harness income-based returns through first lien term loans, second lien term loans, and junior debt.
A Symphony of Strategy and Partnership
Dean Criares, the maestro at the helm of DigitalBridge’s credit division, lauded the fund’s inception as a pivotal moment. “This closing,” he remarked, “is not just a milestone for our credit platform but a testament to our harmonious partnership with investors and clients.” DigitalBridge’s foray into the expansive private credit sector is backed by a chorus of support from senior management, harmonizing with the strength of industry relationships and partnerships.
Latham & Watkins $1.1B Infrastructure Credit Fund: A Timely Endeavor
Criares underscored the significance of timing in this venture. The infrastructure market, vast and ever-growing, offers a fertile ground for investments that promise to deliver quality assets to investors rhythmically and predictably.
Latham & Watkins $1.1B Infrastructure Credit Fund : Pioneering with a Vision
This fund marks the first note in DigitalBridge’s credit strategy symphony, aiming to offer investment solutions that resonate with the growth of companies in the digital infrastructure sector. The fund has attracted a global chorus of investors, including pension funds, insurance companies, sovereign wealth funds, and private wealth funds, among others.
A Track Record of Success
The DigitalBridge credit team has already orchestrated 11 investments across various digital sectors, including data centers and satellite broadband. This inaugural credit fund may be their first, but DigitalBridge is no novice in gathering substantial capital for its diverse strategies.
Global Footprints and Future Prospects
With its headquarters in Boca Raton, Florida, and branches stretching from New York to Singapore, DigitalBridge manages a colossal $75 billion in infrastructure assets. As the firm continues to expand its global footprint, the digital infrastructure world watches with bated breath for its next groundbreaking move.
Latham & Watkins $1.1B Infrastructure Credit Fund : Awaiting Further Insights
As of now, the full details of the Latham team’s legal counsel in advising DigitalBridge remain under wraps, adding an air of anticipation to this already thrilling venture.
