KKR invests $1.5 billion in Vertical Bridge to expand communications infrastructure

Private equity firm KKR agreed to invest $1.5 billion in Vertical Bridge, a communications infrastructure owner and operator, to accelerate its expansion in the U.S. telecom sector. Vertical Bridge, backed by DigitalBridge and La Caisse, operates a portfolio of over 100,000 communications sites, including towers and rooftops leased to major carriers like AT&T, Verizon, and T-Mobile. The investment will fund the acquisition of additional sites and upgrades to existing infrastructure to meet rising demand for 5G and fiber connectivity. DigitalBridge and La Caisse, existing backers of Vertical Bridge, participated in the round alongside KKR, signaling strong confidence in the company's growth trajectory. The deal underscores KKR's strategic focus on digital infrastructure as a core investment theme, following its recent commitments to data center and fiber assets.

Counterparts (4)

parent_company

DigitalBridge Group

company · 2 deals

Boca Raton-based global alternative asset manager specializing in digital infrastructure with $114.8B AUM, investing across data centers, fiber networks, cell towers, small cells, and edge infrastructure in 30+ countries.

La Caisse

company · 1 deals

Montréal-based global investment manager with $420 billion in assets under management, active in infrastructure investments across multiple geographies.

Investor

KKR

company · 5 deals

KKR is a leading global investment firm that invests across private markets, including infrastructure, with the goal of delivering strong returns and shared success to its clients and the world at large. They focus on fortifying companies and communities and helping secure the futures of institutions and individuals.

borrower

Vertical Bridge

company · 1 deals

Vertical Bridge is a digital infrastructure company focused on owning and managing communications infrastructure. They invest in towers, rooftops, and other wireless infrastructure assets.