BOCA RATON, FL—Recently launched Vertical BridgeHoldings LLC, a private REIT focused on wirelesscommunications towers, said Tuesday it had secured $470million in a second-round capital raise. The company has nowsecured equity commitments of $750 million, along with a seniorcredit facility of $270 million.

Round two of the capital raise includes additional equity fromexisting investors Digital Bridge Holdings LLC andthe Jordan Co., and major new commitments fromGoldman Sachs' GS InfrastructurePartners and from Stonepeak InfrastructurePartners. Accordingly, says the REIT's CEO,Alexander Gellman, “we have over $1 billion ofimmediately investable capital to fund our growth.”

Stonepeak's co-founder and managing partner, TrentVichie, observes, “We view the US tower sector as thecritical infrastructure enabling connectivity in the US wirelesstelecom industry.” With that in mind, says GS Infrastructure'sAmericas head, Edward Pallesen, “We believeVertical Bridge stands out in the wireless tower sector and we areexcited to work with management on their next phase of growth.”