Accelerate Raises $780M for Infrastructure Acquisition Strategy
Accelerate Infrastructure Opportunities announced a $780 million capital raise comprised of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management and a $150 million inaugural asset-backed securitization.
Dallas-based Accelerate acquires and manages real estate under critical infrastructure in digital, renewable and transportation sectors and aggregates these assets into a managed portfolio that generates long-term, sustainable cash flow. The capital raise will further support the growth of Accelerate’s infrastructure site portfolio.
“All our investors recognize the significant need for investment in infrastructure real estate to support the build out of a connected and sustainable economy,” said Brennan Potts, founder and CEO of Accelerate.
Accelerate and CBRE IM launched the infrastructure site acquisition strategy in December of 2022. Since that time, Accelerate has acquired interests in more than 200 properties in 38 states.
Th asset-backed securitization was oversubscribed and included support from several investors. Morningstar DBRS provided an investment-grade rating A (low) for Accelerate’s securitized notes.
TD Bank was the sole structuring agent and joint book runner for Accelerate. Cantor Fitzgerald was joint book runner and Katten Muchin Rosenman LLP was legal counsel for the asset-backed securitization. Legal counsel for the underwriter was provided by King & Spalding LLP.
