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Capital raised is only part of the $6 billion the company expects to secure for new fund.
Founder and Editor, The Tech Capital
3 Mins
February 08, 2021 | 12:15 PM GMT
One of the most active investors in digital infrastructure at the moment, Digital Colony, has raised US$4.1 billion which will be used in future communications-infrastructure investments.
Part of Colony Capital Inc. (NYSE: CLNY), Digital Colony aims to raise a total $6 billion for its second fund, according to a memo sent to investors obtained by Bloomberg News.
The new fund has launched three new investment platforms, including one named Edgepoint which has been tasked with acquiring Asia Pacific towers spearheaded by the former Edotco Group Sdn Bhd. CEO Suresh Sidhu.
Investors that are taking part in Digital Colony’s second fun include Teacher Retirement System of Texas, Employees Retirement System of Texas, Virginia Retirement System, the Orange County Employees Retirement System and Wafra Inc., Bloomberg has found.
In other news, earlier in January, Colony Capital appointment Latifa Tefridj-Gaillard as managing director and head of Europe Capital Formation for Digital Colony.
Tefridj-Gaillard has been tasked with building and maintaining strong relationships within the European investment community and focus on advancing Digital Colony’s strategy in the region.
Kevin Smithen, Colony Capital and Digital Colony’s global head of strategy and Capital Formation, said: “Latifa has an outstanding track record of developing and cultivating strong relationships with investors in Europe and focusing on new ideas and solutions, shaped by distinct market opportunities.
“Her insight and expertise across equity and debt capital markets will help us continue to further develop Digital Colony’s regional presence and network of partners.”
Tefridj-Gaillard joins Digital Colony from Goldman Sachs, where she most recently served as Managing Director, Head of U.K. Institutions Solution Sales since 2010.
In this role, she was responsible for designing and implementing investment strategies and risk management solutions across asset classes for U.K. private and public sector pension funds, their consultants and endowments.
Prior to this role, among others at Goldman Sachs, she worked on the Structured Equity Solutions team within the Investment Banking Division structuring and originating hybrid financing solutions for corporate clients.
Tefridj-Gaillard added: “I am excited to be joining Digital Colony’s investor relations and capital formation team. I look forward to working closely with Marc, Kevin, Leslie and the rest of the team to help build the firm’s global investment platform at this pivotal time in the evolution of digital infrastructure.”
Founder and Editor, The Tech Capital
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