DigitalBridge Debuts $1.1B Digital Infrastructure Credit Strategy

DigitalBridge raised $1.1 billion for its debut digital infrastructure credit fund, DigitalBridge Credit (Onshore), including related co-investment commitments.

Pension funds, insurance companies, sovereign wealth funds, asset managers, family offices, and private wealth platforms are among the investors in the Boca Raton, Fla.-based firm.

The DigitalBridge Credit strategy targets debt investments across all digital infrastructure subsectors and focuses on current income-based returns in first lien term loans, second lien term loans and junior debt.

“We believe the addressable market in digital infrastructure is large and expanding, leaving opportunities to deliver quality assets to our investors at a predictable pace,” said Dean Criares, head of credit at DigitalBridge..

Over the last 25 years, the company has amassed a $75 billion portfolio of digital infrastructure assets. To date, the team has made 11 investments in data centers, fiber, satellite internet, and cloud infrastructure.

Latham & Watkins advised DigitalBridge on the formation of the fund.