StratCap Exploring Sale of Wireless Infrastructure Fund
StratCap LLC, a privately held alternative investment management platform, commenced a formal process to explore strategic alternatives for Strategic Wireless Infrastructure Fund LLC, including the possible sale of its portfolio of cell towers, wireless easements and related assets.
The company engaged Media Capital Advisors, a provider of brokerage and valuation services to the wireless and tower sectors of the communications industry, to assist in this process.
StratCap said the company has indicated that it is working with MCA to identify possible buyers, including cell tower and telecommunications companies, real estate firms, sovereign wealth funds, private equity investors, and pension funds for the Fund I portfolio of assets.
“We believe that this is an opportune time to explore alternatives to enhance value for Fund I’s investors,” Jim Condon, managing partner at StratCap, said.
“We’ve assembled a robust, diverse portfolio of mission-critical digital infrastructure assets that we believe will generate significant buyer interest in the marketplace,” Todd Rowley, who manages Fund I and leads StratCap Wireless, said.
As of Dec. 31, 2022, Fund I owned and managed a portfolio that included over 100 individual assets located throughout the U.S. with approximately 218 tenant leases and approximately 50% remaining available tower capacity.
StratCap is a privately held, global alternative investment management platform that focuses on a range of digital economy investments with an emphasis on digital infrastructure, sustainability and technology-centric sectors.
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