Skip to content
The DI Wire
Click Here to Subscribe to Our Free Daily News Updates

StratCap Wireless Sells Fund Assets for 40% Gain

StratCap Wireless Sells Fund Assets for 40% Gain. Alternative investments, cell tower, investment, real estate, StratCap, Strategic Capital, Strategic Datasphere, Strategic Wireless

StratCap LLC, announced that its wireless infrastructure division, StratCap Wireless, has completed the sale of substantially all of the assets of Strategic Wireless Infrastructure Fund LLC, a Regulation D private placement fund launched in February 2019 that raised more than $100 million from accredited investors. The buyer was an unnamed “national, private equity-backed tower company.” Terms of the transaction were not disclosed.

The sale, which closed last week, resulted in an approximate 40% gain in gross asset value, which StratCap says should enable the fund to provide investors with “compelling overall returns.”

Jim Condon, managing partner of StratCap, stated, “In today’s age of digital transformation, assets like cell towers, wireless easements, and data centers are necessary infrastructure as they enable our insatiable demand for connectivity, data, and innovation. We believe this transaction, especially in light of the current market environment, speaks volumes as to the resilient and mission critical nature of digital infrastructure assets.”

Todd Rowley, CEO of StratCap Wireless, noted, “We are very pleased to have delivered consistent monthly distributions and an overall positive investment experience throughout a challenging period that included a global pandemic, rampant inflation, and a 500 basis point spike in interest rates since the close of [the fund’s] private offering in June 2021.”

StratCap remains active in the digital infrastructure sector, recently announcing that one of its real estate programs secured a 72-tower portfolio on the heels of several other tower and data center acquisitions.

Scott Riggs, chief operating officer of StratCap Wireless, added, “The addition of these 72 towers enhances the operating scale of our tower assets as we continue our strong momentum in the market.”

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.​

For more StratCap news, please visit their directory page.