Everest Infrastructure Partners Tuesday announced the closing of EIP Holdings II, LLC. The closing brings total capital committed across EIP’s platform of Communications Infrastructure assets to more than $350 million. Commitments to funds managed by EIP come from a broad mix of institutional investors, including pension funds, infrastructure funds, insurance companies, endowments, and other global asset managers.
“The present investment cycle, particularly with the launch of 5G wireless, is as compelling as any we’ve seen previously,” said Matt Newton, CEO of Everest.
“Communications networks are evolving at a pace not seen in many years. Whether it’s emerging small cell and indoor DAS solutions, millimeter-band applications, edge networking, or in many cases traditional ‘macro’ cell towers, this is an incredibly dynamic evolution with immense opportunity to create value for our network operator and broadband customers.”
“We recently launched a Commercial Real Estate platform and a third-party Tower Developer platform,” Newton said. “By combining the national reach of our proprietary investment channels with the cost of capital advantage from our investor sponsorship, Everest will continue to be a leader in communications infrastructure. The evolution of 5G networks is having a profound impact on the growth of our industry and will continue to do so for the next decade.”
August 8, 2019
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