The Digital Transformation Capital Partners (DTCP) has announced the second close of its Digital Infrastructure Vehicle II (DIV II) at EUR1 billion (US$1.01 billion).

The Fund was launched in 2021 and intends to invest in digital infrastructure – fiber networks, mobile towers and data centers – to accelerate digital transformation and create value for its investors, its portfolio companies and society. It focuses on opportunities with defensible market positions and long-term value creation potential through either minority or majority European equity investments.

The Fund is targeting eight to ten equity investments in the range of EUR150 (US$150.41 million) to EUR250 million (US$250.69 million), offering significant co-investment opportunities to its investors. It has raised capital from leading international investors including BlackRock and abrdn in addition to existing investors.