DigitalBridge Group, Inc. announced that its third value‑added digital infrastructure fund, DigitalBridge Partners III, has closed with $7.2 billion in fund commitments and $4.5 billion in limited‑partner co‑investment commitments, bringing total capital formation for the strategy to $11.7 billion.
The close follows a fundraising trajectory that began in June 2022 with an $8 billion target. By November 2023 the fund had reached a first close of $2.2 billion, and by May 2025 it had raised $6.3 billion. The final $5.4 billion added in November 2025 represents a 70 % increase over the May 2025 level and a 44 % increase over the fund’s original target, underscoring the growing appetite for AI‑driven digital infrastructure.
Over 65 % of the commitments came from existing investors, while new limited partners from Asia‑Pacific, Europe, and North America contributed the remaining 35 %. Key institutional investors include the Canada Pension Plan Investment Board, the California Public Employees’ Retirement System, and the Singapore‑based Temasek Holdings, all of whom reaffirmed confidence in DigitalBridge’s track record and its focus on high‑growth sectors.
DigitalBridge plans to deploy the capital across hyperscale data centers, fiber, and tower assets, with a particular emphasis on projects that support AI workloads. The firm has already invested in companies such as Vantage Data Centers North America, Yondr Group, Orange Barrel Media, FiberNow, and JTOWER, and it intends to expand its portfolio in the United States, Europe, and the Asia‑Pacific region to capture the surge in demand for edge and cloud infrastructure.
The performance of DigitalBridge’s earlier funds has reinforced investor confidence. Partners I delivered a 20 % internal rate of return over its five‑year life, while Partners II achieved a 22 % IRR, both exceeding the 15 % benchmark set by the firm. These results, combined with the firm’s disciplined operating model, have positioned DigitalBridge as a preferred partner for institutional investors seeking exposure to the AI‑enabled infrastructure market.
CEO Marc Ganzi said the capital raise “positions DigitalBridge to scale into opportunities in hyperscale data centers and AI‑enabling infrastructure, leveraging our operating expertise to create value.” Chief Commercial and Strategy Officer Kevin Smithen added that the fund’s flexibility and scale “will allow us to pursue high‑conviction opportunities across the digital ecosystem.”
Analysts note that the fund’s size and the strong backing from both existing and new investors signal robust demand for AI‑driven infrastructure. The close is seen as a validation of DigitalBridge’s strategy to capture the growing need for data centers, fiber, and tower assets that support the AI revolution.
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