StratCap Forms Joint Venture with DataCom
StratCap Securities LLC, a privately held alternative investment management platform, announced a joint venture with DataCom, LP, a digital infrastructure investment fund controlled by IBI Investment House.
IBI Investment House is an Israeli-based market leader in alternative fund offerings.
DataCom expects to contribute up to $150 million as part of its 49% interest in the joint venture.
The company says that the strategic partnership aims to capitalize on the demand for essential U.S. digital infrastructure assets, such as cell towers and fiber networks whose growth potential is “underpinned” by an accelerating digital economy.
Under the terms of the agreement, the partners will provide capital to acquire U.S.-based digital infrastructure assets. The StratCap team, led by Todd Rowley, a managing director of StratCap, will oversee acquisitions, operations and asset management.
“Combining capital from our respective organizations provides greater access to large-scale deal flow,” said Jim Condon, managing partner of StratCap.
“We believe cell towers and fiber networks have emerged as some of the most sought-after assets as digital transformation across the globe has catalyzed the demand for connectivity and data storage,” said to Ziv Sapir, chief executive officer of DataCom. “StratCap’s extensive background and experience in this arena helps us leverage this dynamic market sector in the U.S. through a highly-seasoned acquisition team with deep domain experience.”
StratCap is a privately held, global alternative investment management platform that focuses on a range of digital economy investments with an emphasis on digital infrastructure, sustainability and technology-centric sectors.
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