Tillman FiberCo has announced a strategic partnership with private investment firm Northleaf Capital Partners.

The fiber broadband company confirmed it has received an initial investment of $200 million, with the potential to invest up to $300 million more as the company eyes expansion.

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According to Tillman, the investment will be used to accelerate its open access network, while providing broadband Internet access service speeds, underpinned by a long-term contract.

Founded in 2021, New York-based Tillman designs, builds, and owns high-speed Internet infrastructure. The business is part of the Tillman Global Holdings portfolio, a holding company founded by Sanjiv Ahuja.

"Tillman FiberCo's wholesale business model, which is supported by a large anchor customer order, ensures the long-term revenue stability that our investors look for in our infrastructure portfolio," said Chris Rigobon, managing director at Northleaf. "This investment is an excellent fit with Northleaf's communications infrastructure strategy, providing our investors with exposure to an attractive sector while mitigating downside risk."

TD Securities served as financial advisor and Kirkland & Ellis served as legal counsel to Northleaf, while TAP Advisors served as financial advisor and Sullivan & Cromwell acted as legal counsel to Tillman FiberCo. 

Last year, Tillman Holdings, which is also part of Tillman Global, signed a $1 billion deal with private equity firm Carlyle to ramp up its investment in independent cell tower company Tillman Infrastructure.