Friedman Capital has announced the launch of its latest capital raise, FCF Strategic Fund I, targeting Fiber and Internet Service Providers (ISP) in underserved markets. 

The FCF Strategic Fund I aims to take advantage of the growing demand for data and the expansion of high-speed internet access in the contiguous 48 states. With a target of US$250 million in capital commitments and an expected closure in Q3, the fund will focus on investing in assets located in the Sunbelt and Southeast United States. These assets, such as fiber, fixed wireless assets (FWA), and wireline/wireless internet service providers (WISP), will benefit from substantial government subsidies. To ensure thorough evaluation and valuation of network assets in transactions, Friedman Capital has engaged Telecom Partners Group for due diligence and analysis.