Daily News: July 24, 2014

AllianceBernstein Invests in TowerPoint Capital

TowerPoint Capital announced it has entered into an agreement with AllianceBernstein Private Credit Investors to facilitate its ongoing acquisition of high quality assets and accumulate diversified portfolios in the U.S., Canada and Puerto Rico.

“We are thrilled with the opportunity to have AllianceBernstein as our exclusive financial partner and to have access to their significant financial and intellectual resources,” said Jesse Wellner, CEO of TowerPoint. “The backing of AllianceBernstein, a leading asset manager, further validates our relevance in the marketplace and underpins our growing momentum. Both TowerPoint and AllianceBernstein share common views regarding the attractiveness of the wireless infrastructure industry and are committed to creating value for our carrier, tower company and landlord partners. ”

“We are excited to work with TowerPoint’s management team, who has a strong track record of serving sector participants by delivering creative and efficient solutions for investment in critical wireless infrastructure assets,” commented Brent Humphries, president of AllianceBernstein Private Credit Investors. Patrick Fear, Managing Director of AllianceBernstein Private Credit Investors added, “Wireless infrastructure is a key area of expertise for our platform and we are excited to have been able to bring our industry knowledge, structuring expertise and flexibility to bear in this transaction.”

TowerPoint Capital is an investor in cellular site locations across the United States.

AllianceBernstein Private Credit Investors is the private corporate credit investment platform of AllianceBernstein L.P., a global asset manager with approximately $480 billion in assets under management.