Brookfield Asset Management and its institutional partners (Brookfield), an owner and operator of infrastructure globally, has made a minority equity investment in Tiger Infrastructure Partners’ portfolio company Strategic Venue Partners (SVP).
SVP also upsized its existing revolving credit facility with current and additional commercial bank lenders. SVP will use these strategic financing transactions to capitalize on growing demand for its in-building wireless infrastructure.
“This investment by a leading investor in infrastructure, alongside our sponsor, Tiger Infrastructure, combined with our larger credit facility further validates the rising market demand for SVP’s unique wireless connectivity as a service model. We provide our customers with robust, cutting-edge in-building wireless infrastructure in a timely, turnkey manner without upfront capital expenditures. SVP offers a full lifecycle management of these essential systems, including upgrades that de-risk our customers’ future technology needs,” Justin Marron, CEO of SVP, said. “SVP’s design is unique for each customer’s end use and is increasingly recognized by customers and their stakeholders as essential to mission-critical functions such as customer and employee experiences, the optimization of key business operating systems, timely dissemination of information, emergency communications and regulatory compliance across sectors ranging from healthcare to hospitality, and higher education to data centers. Some of our customers call it a ’fourth utility.’”
“Brookfield has been a reliable partner to Tiger Infrastructure over the years,” Emil W. Henry, CEO and chief information officer of Tiger Infrastructure, said. “Relationships like this one generate value across Tiger Infrastructure’s entire portfolio in many different ways, and we are especially pleased to expand the relationship into a digital infrastructure arena, where Brookfield can bring meaningful synergies to SVP across its wide-ranging portfolio.”
“SVP continues to demonstrate robust performance within the high-growth IBW sector,” Marc H. Blair, chief operating officer and senior managing director of Tiger Infrastructure, said. “2024 has been another year of strong growth that further demonstrates SVP’s attractive, highly efficient and rapidly scalable business model. Specifically, in 2024, SVP expanded its infrastructure assets with existing customers and also added IBW infrastructure at new relationships too, including executing its long-term contract offering with one of the largest DAS portfolios in healthcare. Today’s announced transactions provide additional growth capital that positions SVP to further expand its infrastructure portfolio by pursuing additional origination efforts and entering new markets.”
“We have significant experience investing in digital infrastructure, including wireless solutions, and were quickly able to appreciate the value of the franchise that Tiger Infrastructure and SVP have built in the IBW sector,” Hamish Kidd, managing director at Brookfield, said. “We were attracted to SVP’s efficient and differentiated offering, the annual recurring revenue business model and the exceptional customer credit quality. We look forward to supporting SVP’s growth going forward.”
“Since our inception, Tiger Infrastructure has been a hands-on, value-add partner and advisor that has helped SVP establish and buttress our first-mover advantages,” Marron said. “Partnering now with another blue-chip infrastructure investor in Brookfield and expanding our access to attractively-priced commercial bank debt will further enhance our growth trajectory.”
TD Securities acted as sole financial advisor to SVP on the minority equity investment and was the left lead arranger and sole bookrunner on the upsized credit facility.
