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Private Equity Real Estate

KKR makes $1.5bn Vertical Bridge investment

privateequitywire

3 months ago

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Private investment major KKR is investing $1.5bn in Vertical Bridge REIT, in a deal that valuing the business – the largest private owner and operator of communications infrastructure in the United States, at between $10bn and $15bn.
The deal has been structured as a preferred equity investment, with existing backers DigitalBridge and Canadian pension fund La Caisse also participating, the company said in a statement confirming earlier reports.
Vertical Bridge manages a portfolio of more than 17...

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