StratCap, LLC has commenced a formal process to explore strategic alternatives for Strategic Wireless Infrastructure Fund, LLC (“Fund I”), including the possible sale of its portfolio of cell towers, wireless easements and related assets. The Company has engaged Media Capital Advisors (“MCA”), a provider of brokerage and valuation services to the wireless and tower sectors of the communications industry, to assist in this process.
“We’ve assembled a robust, diverse portfolio of mission-critical digital infrastructure assets that we believe will generate significant buyer interest in the marketplace.”
StratCap 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.
Jim Condon, Managing Partner at StratCap, stated, “We believe that this is an opportune time to explore alternatives to enhance value for Fund I’s investors.” Todd Rowley, who manages Fund I and leads StratCap’s Wireless Infrastructure Group (StratCap Wireless), added, “We’ve assembled a robust, diverse portfolio of mission-critical digital infrastructure assets that we believe will generate significant buyer interest in the marketplace.”
Notwithstanding the potential sale of the Fund I portfolio, the Company remains bullish on the sector and continues to acquire and manage these mission-critical assets across various platforms and verticals throughout its organization. StratCap expects to continue to expand its footprint in the digital infrastructure sector.
As of December 31, 2022, Fund I owned and managed a diverse 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 asset management platform committed to providing access to dynamic asset classes and highly experienced asset management professionals. The Company is focused on a wide range of digital economy assets with an emphasis on digital infrastructure, sustainability, and technology-centric sectors.