Washington, D.C.-based investment firm Friedman Capital announced yesterday the launch of its latest capital raise, FCF Strategic Fund I, targeting fiber and internet service providers in underserved markets. The Fund seeks to capitalize on the increase in data utilization and the roll-out of high-speed internet access across the continental 48 states.
FCF Strategic Fund I is targeting $250 million in capital commitments and a third quarter close. The Fund will invest in geographically contiguous assets across the Sunbelt and Southeast United States which benefit from significant government subsidies. Assets will include fiber, fixed wireless access and wireline/wireless internet service providers. Continue Reading
Ben Friedman, Chief Investment Officer, Friedman Capital, said, “We are excited to launch FCF Strategic Fund I and believe the current market dynamics present a generational opportunity to invest and consolidate physical telecommunications assets across underserved markets.”
Friedman Capital has retained Telecom Partners Group to provide due diligence and network asset valuation analysis relative to transactions.
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