DTCP has held the second closing of its Digital Infrastructure Vehicle II (DIV II) with around €1 billion of capital commitments. The Fund was launched in June 2021 and has raised additional capital from new, leading international investors, including BlackRock and abrdn, as well as a sovereign wealth fund from the Middle East and various German insurance companies.
DIV II invests in digital infrastructure – fibre networks, mobile towers and data centres – to accelerate digital transformation and create value for its investors, its portfolio companies, and society. The fund focuses on opportunities with defensible market positions and long-term value creation potential through either minority or majority European equity investments. The fund is targeting eight to ten equity investments in the range of €150 to €250 million, offering significant co-investment opportunities to its investors.
The Fund has already committed €730 million in four transactions. DIV II was a founding investor in the new Cellnex NL, the leading independent telecommunications tower company in the Netherlands formed through the combination of the Deutsche Telekom and Cellnex tower businesses.
Read more: Private Equity Wire
