KBRA Affirms the Secured Fund Fee Revenue Notes, Series 2021-1 Issued by DigitalBridge Issuer, LLC and DigitalBridge Co-Issuer, LLC
19 Jul 2024 | New York
KBRA affirms the outstanding rating assigned to the Secured Fund Fee Revenue Notes, Series 2021-1 (the “Notes”) issued by DigitalBridge Issuer, LLC (in such capacity, the “Issuer”) and DigitalBridge Co-Issuer, LLC (in such capacity, the “Co-Issuer” and together, the “Issuers”). In addition, KBRA has assigned a ‘Stable Outlook’ to the Notes.
As of Q1 2024, DigitalBridge has $80.1 billion of assets under management, up 15.6% year-over-year and fee-earning equity under management has increased to $32.5 billion, up 17.3% year-over-year. These trends were driven by new capital formation through continuing commitments to the latest DBP Series fund, the acquisition of Infrabridge in February 2023, and initial commitments to the firm’s second credit strategy.
DigitalBridge Group, Inc. is a global digital infrastructure asset manager with a focus on identifying and capitalizing on key secular trends in digital real estate. The Firm has built a portfolio of more than 30 digital portfolio companies in digital infrastructure assets including macro cell towers, small cells networks, fiber networks, data centers and edge infrastructure. DigitalBridge has an established track record of 25+ years’ investing, having previously managed industrial, healthcare and hospitality holdings, and operating a retail investment management business.
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