Digital Alpha Advisors ("Digital Alpha"), a leading digital infrastructure investment firm, announced the closing of Digital Alpha Fund II, L.P, over its initial hard cap with over US$1 billion in commitments.

The Fund was oversubscribed, exceeding its initial hard cap, bringing Digital Alpha's total Assets under Management to over US$1.5 billion.

the Fund will maintain its core focus of investing in operating companies and revenue share deals across three key verticals: next-gen networks (5G infrastructure investment and Wi-Fi 6 solutions globally), cloud computing and IoT-enabled smart city solutions. The Fund will seek to build out a diverse portfolio of approximately a dozen "anti-fragile" investments with resilient business models in leading operating companies and related yield-oriented revenue share structures.

To date, the Fund has committed approximately US$300 million across three deals. The first deal of the Fund created a novel network edge solution with Cisco, Qwilt, and British Telecom; this innovative outcome based financing is scaling with telecom and cable operators in markets worldwide. The Fund also recently made a US$185 million investment commitment to network access provider WeLink Communications to help expand their fixed-wireless broadband footprint across the US. Finally, in March the Fund committed US$100 million in outcome-based financing to fund digital infrastructure for communities across the US with Sharecare—a leading digital health platform.

Investors in the Fund include sovereign wealth funds, pension funds, endowments & foundations, consultants, and health systems primarily from North America, Europe and the Middle East.