Thursday, July 25, 2024

Latham & Watkins Advises DigitalBridge on US$1.1 Billion Digital Infrastructure Credit Strategy

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DigitalBridge Group, Inc. (NYSE: DBRG) (DigitalBridge), has announced the close of its digital infrastructure credit fund, DigitalBridge Credit (Onshore), LP, together with its parallel vehicles, (collectively DBC or the Fund), which raised aggregate commitments of US$1.1 billion inclusive of related co-investment commitments alongside the Fund. DBC 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.

Latham & Watkins LLP represented DigitalBridge in the fund formation with an Investment Funds team led by New York partners Andrea Schwartzman and Oliver Prakash-Jenkins, with associates Syed Madani, Andrew Borruso, and Daniel Sung. Advice was also provided on European fund formation matters by London counsel Clare Scott; on tax matters by New York partner Gregory Hannibal, with associate Lauren Bewley; and on investment funds regulatory matters by Washington, D.C. partner Jamie Lynn Walter, with associate Mike Hart-Slattery.

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