DigitalBridge raises $11.7B for DBP III to back AI-era infra-fund

DigitalBridge has closed primary and LP co-investment commitments that total $11.7 billion for its third flagship vehicle, giving the firm a large war chest to pursue hyperscale and AI‑focused infrastructure. The pool comprises $7.2 billion in fund commitments alongside $4.5 billion in limited partner co-investments, a structure that accelerates deployment into data centers, fiber and tower assets.

The close underscores steady investor support for DigitalBridge’s sector-specialist model. More than 65% of DBP III commitments came from repeat backers of the platform, while new institutional LPs from the Asia‑Pacific, European and North American regions added incremental scale. The mix of committed capital and co-invest capital creates optionality to pursue larger, proprietary deals and to lead growth rounds for platform companies.

Leadership framed the raise as positioning the manager to capture the surge in capacity demand driven by artificial intelligence and cloud expansion. Marc Ganzi, Chief Executive Officer, noted the fund’s capacity to invest across hyperscale data centers, connectivity and power infrastructure, while Kevin Smithen, Chief Commercial and Strategy Officer, emphasised the Fund’s flexibility to chase high‑conviction opportunities where DigitalBridge can apply active operational know‑how.

DBP III’s initial portfolio illustrates that approach: the Fund has already backed platforms including Vantage Data Centers North America, Yondr Group, Orange Barrel Media, FiberNow and JTOWER. These bets reflect a strategy of allocating at scale into businesses that combine long‑term secular demand with operational levers for growth — from colocation capacity for AI workloads to fiber densification and tower modernization.

The raise also complements DigitalBridge’s broader balance sheet: the firm reports managing roughly $108 billion of infrastructure assets, providing both distribution and sourcing advantages across the digital ecosystem. For investors, the pairing of a core fund and explicit LP co‑investment capacity is increasingly attractive because it enables concentrated exposure to individual platforms while preserving diversified fund allocations.

Market context supports the timing. Demand for hyperscale capacity has accelerated as large cloud and AI customers scale compute footprints, and private capital continues to flow into digital infrastructure; managers that combine sector focus, scale and operating capability have been able to secure larger, more active LP commitments. Looking ahead, DBP III’s capital base gives DigitalBridge optionality to lead multi‑asset transactions, co‑develop power and connectivity solutions, and selectively pursue bolt‑ons to the initial portfolio — moves meant to capture the structural growth in AI‑era infrastructure.