DigitalBridge Group closed its digital infrastructure credit fund, DigitalBridge Credit (Onshore), together with its parallel vehicles. The fund raised aggregate commitments of $1.1 billion inclusive of related co-investment commitments alongside the fund.
The fund is the inaugural fund in DigitalBridge’s credit strategy, which focuses on delivering investment solutions to support the growth of companies across the digital infrastructure sector. The fund has a global investor base consisting of pension funds, insurance companies, sovereign wealth funds, asset managers, family offices and private wealth platforms, among others. The fund is supported by both existing DigitalBridge investors and new investors with a specific interest in gaining exposure to infrastructure credit.
“This closing is an important milestone for the firm’s credit platform and reflects great partnership with investors and clients,” Dean Criares, head of credit at DigitalBridge, said. “Establishing DigitalBridge’s brand within the expanding private credit sector reflects support from senior management and the strength of our relationships and partnerships with industry experts as we source and diligence opportunities.
“This is an important time to be investing in this industry and sector. 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.”
Latham & Watkins advised DigitalBridge on the formation of the fund.
