Additional details revealed on Cordiant Capital telecom infra fund

22 January 2020 - 12:00 am UTC

Canadian investor Cordiant Capital Inc. is aiming to achieve a first close of its new telecom equity fund for some time in 2Q or 3Q, a source close to the situation said.

Called the Telecommunications Infrastructure Equity Fund, Cordiant IX, will target a raise of USD 350m.

The fund has a global mandate but will focus on assets primarily in Europe, the source added.

“The fund will specifically aim to capitalize on the increasing global need for new infrastructure as 5G technology prompts a worldwide increase in mobile data consumption and telecoms operators seek to share the cost,” the source said.

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