Houlihan Lokey Advises KKR

Houlihan Lokey is pleased to announce that KKR, a leading global investment firm with more than $700 billion in assets under management, has made a $1.5 billion strategic equity investment into Vertical Bridge REIT, LLC (Vertical Bridge), the largest private owner and operator of communications infrastructure in the United States.

The addition of KKR as a new investor establishes a fully funded, long-term capital structure that supports Vertical Bridge’s strategic plan and reinforces the company’s position as a permanent owner and operator of a nationwide portfolio of more than 17,000 towers.

To date, KKR has invested more than $40 billion in equity in digital infrastructure globally. This investment builds on KKR’s existing tower portfolio, including Vantage Towers in Europe and Pinnacle Towers in the Philippines, and on past investments such as Telxius and Hivory Towers. KKR is funding its investment primarily through its core infrastructure strategy.

Vertical Bridge’s existing sponsors, DigitalBridge and La Caisse (formerly CDPQ), also participated in the equity investment and remain committed long‑term partners to the company.

Houlihan Lokey served as a financial advisor to KKR.

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