Global Infrastructure SherpaVFN Holdings secures $500M growth equity investment from Hamilton Lane, Braemont Capital, and Delta-v Capital for fiber network expansion
VFN Holdings, a fiber infrastructure business and broadband internet provider, successfully closed a $500 million non-control growth equity investment. The investment was led by funds managed by Hamilton Lane, Braemont Capital, and Delta-v Capital. This capital infusion will accelerate the expansion of VFN's fiber-to-the-premise (FTTP) and wholesale fiber networks across new and existing U.S. markets. The funding also supports VFN's continued strategic mergers and acquisitions activities to enhance its digital infrastructure footprint. In connection with the transaction, Brent Burnett and Peter Udbye from Hamilton Lane, along with Wali Bacdayan from Braemont Capital, will join VFN's board of directors. Rand Lewis from Delta-v Capital will continue to serve on Vero’s Board, further solidifying the strategic partnership.
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The article refers to 'Vero’s Board' instead of VFN Holdings' board in two instances: 'Rand Lewis from Delta-v Capital will continue to serve on Vero’s Board' and 'Rand Lewis, managing partner at Delta-v Capital will continue to serve on Vero’s Board.' This may be an error or indicate a related entity named Vero.
"VFN Holdings, a fiber infrastructure business and broadband internet provider, has announced the successful closing of a $500 million non-control growth equity investment."
"The investment was led by funds managed by Hamilton Lane, Braemont Capital and Delta-v Capital."
"The investment was led by funds managed by Hamilton Lane, Braemont Capital and Delta-v Capital."
"The investment was led by funds managed by Hamilton Lane, Braemont Capital and Delta-v Capital."
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