DigitalBridge Group, announced a significant strategic milestone with the close of DigitalBridge Partners III (“DBP III” or the “Fund”), the firm’s third value-added digital infrastructure fund. The total capital raised includes over $7.2 billion in fund commitments and an additional $4.5 billion in LP co-investment commitments, resulting in total capital formation of approximately $11.7 billion across the strategy. This achievement underscores DigitalBridge’s continued momentum in the digital infrastructure sector and highlights the deep confidence investors have in the company’s leadership, approach, and long-term vision.
The closing of DBP III marks one of the largest capital formation efforts in DigitalBridge’s history and further solidifies the firm’s reputation as a global leader in digital infrastructure investment. DigitalBridge’s strategy is rooted in identifying high-growth opportunities within the digital economy—such as data centers, fiber networks, wireless towers, small cells, and emerging technologies tied to artificial intelligence—and pairing them with the firm’s operational expertise. The scale of investor interest demonstrates both trust in DigitalBridge’s platform and broader market conviction in the long-term need for digital infrastructure.
A notable aspect of this fundraise is the composition and loyalty of the investor base. More than 65% of DBP III commitments were contributed by existing investors from previous DigitalBridge Partners funds. This strong rate of re-ups signals satisfaction with the firm’s historical performance, consistent returns, and its ability to execute across varying economic and market environments. In addition to returning LPs, DigitalBridge welcomed several new limited partners from Asia-Pacific, Europe, and North America, expanding the global footprint of the investor community backing the firm.
The fund’s substantial co-investment commitments—totaling $4.5 billion—illustrate an important aspect of DigitalBridge’s investment model: deep collaboration with LPs. Co-investments allow partners to deploy additional capital into select opportunities alongside DigitalBridge, typically concentrating capital into high-quality, scaled assets. These co-investment relationships reflect DigitalBridge’s ability to differentiate itself not only through deal sourcing and operational experience but also through strategic partnerships that provide LPs with enhanced exposure to the firm’s top-tier ideas, especially in areas experiencing accelerating demand, such as AI workloads and hyperscale data centers.
Marc Ganzi, Chief Executive Officer of DigitalBridge, highlighted the importance of this milestone within the company’s broader trajectory. “DBP III represents the next stage in our evolution as the leading digital infrastructure investment platform,” Ganzi said. He emphasized that the combination of strong fund commitments and large-scale LP co-investments places the firm in a powerful position to capitalize on the opportunities it has long been developing.
As data consumption accelerates and AI training and inference drive unprecedented computing demands, the need for next-generation infrastructure—from power-intensive data centers to resilient connectivity systems—continues to grow rapidly. Ganzi reiterated that DigitalBridge’s decades of leadership in the digital infrastructure sector give the firm a unique vantage point to deploy capital where it can create meaningful value through operational excellence and strategic foresight.
Beyond capital formation, the flexible structure of DBP III is central to its investment approach. Kevin Smithen, DigitalBridge’s Chief Commercial and Strategy Officer, noted that the fund was intentionally designed to pursue the firm’s highest-conviction opportunities across the digital infrastructure ecosystem. “We structured DBP III with the flexibility and scale to pursue our highest-conviction opportunities,” Smithen said. The fund’s deployment strategy prioritizes markets and assets where DigitalBridge’s team identified high-growth potential early—often before broader market recognition. This includes global hyperscale data center platforms, regional fiber rollouts, tower and small cell operators, and media or digital out-of-home platforms that align with long-term connectivity trends.
The Fund has already begun deploying capital into a diversified portfolio of next-generation digital infrastructure platforms. Among its early investments are:
- Vantage Data Centers North America, a leading hyperscale data center operator that develops and manages large-scale facilities designed to support cloud, enterprise, and AI-driven workloads.
- Yondr Group, a global developer of hyperscale data center solutions with a strong pipeline of projects in high-demand regions.
- Orange Barrel Media, an innovator in digital out-of-home media infrastructure, expanding the intersection between digital technology and urban environments.
- FiberNow, a platform focused on fiber network expansion and last-mile connectivity.
- JTOWER, a Japanese telecommunications infrastructure company specializing in tower sharing and network-as-a-service models that help accelerate 5G deployment.
These investments reflect the Fund’s core themes of scaling high-quality, proprietary opportunities and leveraging DigitalBridge’s operational expertise to drive performance. As an active owner, DigitalBridge emphasizes strategic growth, operational efficiency, and disciplined capital expenditure planning across its portfolio companies. The early composition of the DBP III portfolio demonstrates the firm’s commitment to identifying opportunities that align with major digital trends—especially the global migration toward cloud services, edge computing, AI acceleration, and the corresponding need for reliable, high-capacity infrastructure.
DigitalBridge’s focus on AI-enabling infrastructure is particularly timely. As artificial intelligence adoption accelerates across industries, the demand for specialized data centers—particularly those equipped with high-power densities, advanced cooling systems, and strategic locations near power sources—is rising dramatically. DigitalBridge has positioned itself at the center of this transformation by expanding investments in hyperscale environments and supporting the infrastructure backbone required for AI training data, compute clusters, and high-speed connectivity.
Moreover, in markets where digital transformation is in earlier stages, DigitalBridge continues to identify emerging opportunities. Countries and regions within Asia-Pacific, parts of Europe, and developing markets are prioritizing digital infrastructure expansion as a cornerstone of economic growth. DigitalBridge’s global footprint and operator-driven model uniquely position the firm to play a leading role in building out these ecosystems.
The closing of DBP III also illustrates the maturation and resilience of DigitalBridge’s platform. Operating across multiple market cycles, the company has developed a reputation for consistent delivery, strategic innovation, and an ability to execute complex transactions at scale. The substantial commitments from both returning and new investors affirm ongoing trust in DigitalBridge’s leadership team, its disciplined investment methodology, and its capacity to identify and accelerate value creation.
With DBP III fully closed and actively investing, DigitalBridge plans to continue pursuing opportunities aligned with long-term digital growth trends. The firm’s investment strategy remains centered on leveraging deep operational knowledge, proprietary deal sourcing, and active portfolio management to deliver value for its global LP base. As data continues to reshape industries, economies, and consumer behavior, DigitalBridge’s mission—to invest in and enable the digital future—remains more relevant than ever.
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