Global digital infrastructure investment firm Telecom Infrastructure Partners (TIP) has announced the closing of a €560 million ($574m) debt financing.
The company confirmed it received support from InfraBridge (a division of DigitalBridge) and Swiss Life Asset Managers for the debt financing.
"The financing will help us scale as we serve property owners and operators of digital infrastructure worldwide," said Eric Overman, TIP founder and CEO.
Founded in 2021, TIP is a London-based company that operates within the global lease aggregation market, targeting telecom sites predominantly across Europe and Latin America.
TIP's business model focuses heavily on the acquisition of triple net lease agreements from individual landlords.
A triple net lease is an agreement that sees the tenant of the property held responsible for all property costs, plus rent. Such agreements can create long-term revenue streams for periods of 30 to 50 years.
Swiss Life Asset Managers completed the acquisition of a co-controlling equity stake in TIP last year, joining InfraBridge as a key investor in the business.
“This successful financing underscores TIP’s robust business model and the strength of its management team,” said Gianfranco Saladino, head of value-add infrastructure at Swiss Life Asset Managers.
“Telecommunications infrastructure is a critical component of the global economy, and we are pleased to support TIP as they scale their operations. This transaction is a significant step forward in unlocking TIP’s growth potential.”