GI Partners launches digital infra fund with eyes on $1bn

2050

GI Partners is reportedly looking to gather $1bn for a new fundraise focused on digital infrastructure investment.

The firm has made key appointments to lead the fundraise, people with knowledge of the matter apparently told Bloomberg. GI hired Mark Prybutok, the former partner of Alinda Capital Partners, in July, as well as former Equinix CEO Steve Smith the month prior.

GI held the final close of Fund V on $2.7bn late last year and typically invest in North American middle market businesses through its private equity strategy.

Earlier this year the San Francisco-based firm bought and merged sperm and egg bank business California Cryobank and stem cell storage company Cord Blood Registry.

SDC Capital Partners closed its first digital infrastructure opportunity fund on its $400m hard cap in August, after less than six months of fundraising.

Mobile and internet infrastructure-focused Digital Colony also recently raised more than $2.4bn for its debut fund, putting it well on the way to its $3bn target.

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