DigitalBridge Raises $3.4 Billion for Latest Infrastructure Fund

DigitalBridge Investment Management has raised almost $3.4 billion for its flagship infrastructure fund, which could benefit from Wall Street’s rush to embrace artificial intelligence.

The firm said in a filing this week that it began marketing shares of DigitalBridge Partners III about a year ago.

The fund took in $3.38 billion as of April 23, including money raised overseas and the firm’s own commitment to provide capital.

DigitalBridge invests in mobile and internet infrastructure, including data centers, macro cell towers and fiber networks. Data centers are designed to provide the electricity, cooling capacity and security to run large numbers of ...