StratCap, a privately held, global alternative asset management platform based in Greenwich, CT, has formed a joint venture with DataCom, LP, a digital infrastructure investment fund controlled by IBI Investment House, an Israeli-based market leader in alternative fund offerings. DataCom, the first of its kind fund in Israel, invests in income-generating digital infrastructure properties with a focus on server farms, 5G antennas and fiber optics.
DataCom is planning to contribute up to $150 million as part of its 49 percent interest in the joint venture. The strategic partnership intends to capitalize on the demand for essential U.S. digital infrastructure assets including cell towers and fiber networks whose growth is being driven by an accelerating digital economy.
Under the terms of the agreement, the partners will provide capital to acquire U.S.-based digital infrastructure assets. Todd Rowley, a Managing Director of StratCap, will oversee acquisitions, operations, and asset management.
“Combining capital from our respective organizations provides greater access to large-scale deal flow,” says Jim Condon, StratCap Managing Partner.
“We believe cell towers and fiber networks have emerged as some of the most sought-after assets as digital transformation across the globe has catalyzed the demand for connectivity and data storage,” comments Ziv Sapir, DataCom CEO. “StratCap’s extensive background and experience in this arena helps us leverage this dynamic market sector in the U.S. through a highly-seasoned acquisition team with deep domain experience.”
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