digitalbridge group, inc.

overview

DigitalBridge Group, Inc. is a leading global alternative asset manager dedicated exclusively to investing in digital infrastructure. Founded as Digital Bridge Holdings in 2013 by Marc Ganzi, the company merged with Colony Capital in 2019 and rebranded as DigitalBridge in 2021, marking one of the most significant strategic transformations in REIT history. The firm manages $106 billion of infrastructure assets on behalf of its limited partners and shareholders across five key verticals: data centers, cell towers, fiber networks, small cells, and edge infrastructure. With over 25 portfolio companies including data center operators Vantage, DataBank, Switch, Scala, and Yondr, DigitalBridge has emerged as a specialized digital infrastructure investor competing with larger diversified alternative asset managers like Blackstone and KKR.

business model

Alternative asset management focused exclusively on digital infrastructure investments. DigitalBridge employs a platform strategy, building and scaling portfolio companies across the digital ecosystem including hyperscale and edge data centers, wireless tower infrastructure, fiber networks, and small cell deployments. The firm generates fee-related earnings from management fees on assets under management, while also earning carried interest from successful portfolio company exits and value creation. The business model emphasizes capital formation ($5-6 billion annually), strategic platform building through acquisitions and organic growth, and eventual monetization through sales, IPOs, or recapitalizations.

data center profile

global footprint

us portfolio (from database)

projects by state

specialization

primary focus: hyperscale, ai-ml, edge, colocation, wholesale

key differentiators:

• Only pure-play digital infrastructure asset manager at institutional scale

• Global platform across 25+ countries spanning all digital infrastructure verticals

• Portfolio of 25+ specialized operating companies vs. direct ownership model

• 12 GW development pipeline deliverable within 3 years

• $9 billion record fundraising in 2024 demonstrating strong investor demand

financial highlights

strategy

corporate strategy

DigitalBridge has positioned itself as the only dedicated, global-scale digital infrastructure investment manager, having completed one of the most dramatic strategic transformations in financial services history. Under CEO Marc Ganzi’s leadership, the firm pivoted from Colony Capital’s diversified real estate portfolio to pure-play digital infrastructure focus, rotating $100 billion in AUM ‘from diversified to digital’ between 2019-2021. The firm’s investment thesis centers on secular growth drivers: proliferation of connected devices (50+ billion by 2030), exponential data growth, 5G deployment, cloud migration, and AI/ML adoption. Ganzi warned in 2024 that ‘we’re running out of power in the next 18-24 months,’ positioning the firm to capitalize on power-constrained markets through strategic site selection and early-mover advantage in high-capacity markets.

growth strategy

DigitalBridge employs a multi-pronged growth strategy: (1) Platform Building - Creating category-leading companies through consolidation and organic growth (Vantage $9.2B equity raise, Yondr$5.8B acquisition, Switch $11B take-private), (2) Capital Formation - Targeting$5-6 billion annually in fee-generating capital with goal of reaching $40 billion FEEUM by 2025 and$65 billion by 2028, (3) Geographic Expansion - Entering new markets through portfolio companies (Vantage Ohio/Nevada, DataBank edge markets, Scala Latin America, AtlasEdge Europe), (4) Vertical Integration - Building ecosystem across data centers, fiber (Zayo’s $4.25B Crown Castle acquisition), towers (Vertical Bridge), and edge (AtlasEdge 100+ sites), (5) Strategic Exits - Monetizing mature positions (DataBank 27$1.2B, Landmark Dividends 40% to ADIA), (6) Co-investment Model - Maintaining less than 35% co-invest to maximize fee-earning capacity while demonstrating alignment.

power strategy

DigitalBridge addresses power constraints through portfolio company strategies rather than direct power infrastructure ownership. Vantage selects markets with available power (Nevada, Ohio, Texas), Switch operates 100% renewable energy including Gigawatt 1 solar project, and DataBank committed to Net Zero by 2030. CEO Ganzi’s warning about power running out within 18-24 months has driven focus on power-advantaged markets and early site selection.

renewable commitment: DigitalBridge announced $300 million Climate Adaptive Infrastructure (CAI) partnership in 2025 to deploy utility-scale solar/wind, low-impact hydro, electrochemical and pumped storage, water conservation, renewable biodiesel and green hydrogen across portfolio. Switch operates on 100% renewable power since 2016 with Gigawatt 1 solar facility. DataBank targeting Net Zero by 2030. Vantage facilities designed for LEED certification with closed-loop cooling for low water usage effectiveness (WUE).

nuclear partnerships:

• Switch partnership with Oklo to design, build and manage Aurora powerhouses for clean, reliable power

major commitments

partnerships

power providers

financial partnerships

leadership

Marc C. Ganzi

Chief Executive Officer and Director

Founded Digital Bridge Holdings in 2013 and built it into leading global manager of digital infrastructure assets with $20+ billion in AUM before merger with Colony Capital in 2019. Became CEO-Elect upon merger, assumed CEO role July 2020. Led transformation from diversified real estate to pure-play digital infrastructure, rebranding as DigitalBridge in 2021. Over 30 years in digital infrastructure investing and operations.

Founder and primary architect of DigitalBridge’s strategy. Led one of most significant corporate transformations in REIT history, rotating $100 billion from diversified real estate to digital infrastructure. Track record includes founding and selling Global Tower Partners for$4.8 billion. Warning about power constraints (‘running out of power in 18-24 months’) has shaped industry narrative. Board member of Wireless Infrastructure Association (2008-2017), served as Chairman (2009-2011).

Ben Jenkins

President and Chief Investment Officer

Co-Founded Digital Bridge Holdings with Marc Ganzi in 2013. Served as Chief Investment Officer since 2019, promoted to President in 2022. Prior to Digital Bridge, spent 12 years at The Blackstone Group as Senior Managing Director and head of Hong Kong office, leading over a dozen private equity investments across telecommunications and other industries including Global Tower Partners. Former Chairman of Global Tower Partners.

Co-architect of DigitalBridge’s investment strategy with deep private equity experience from Blackstone. Led numerous telecom and digital infrastructure investments. Partnership with Ganzi dates to Global Tower Partners investment. Responsible for investment decisions across $96 billion AUM portfolio.

Liam Stewart

Chief Operating Officer

Appointed Chief Operating Officer in 2022. Previously served as CFO of Macquarie Infrastructure Corporation. Extensive experience in infrastructure asset operations, financing, and portfolio management.

Oversees operational execution across 25+ portfolio companies globally. Background in infrastructure operations and finance brings operational discipline to platform strategy.

competitive position

DigitalBridge is the only pure-play digital infrastructure asset manager operating at institutional scale globally, managing $96 billion across data centers, towers, fiber, small cells, and edge infrastructure. Unlike diversified alternative asset managers (Blackstone$1.2T AUM, KKR $553B, Brookfield$850B+), DigitalBridge’s exclusive focus on digital infrastructure creates specialized expertise but smaller absolute scale. In data centers specifically, the firm controls major platforms (Vantage, Switch, DataBank, Scala, Yondr) representing estimated 300+ facilities globally with 4 GW leased capacity and 16 GW development pipeline. This positions DigitalBridge as mid-tier in size but top-tier in specialization compared to diversified mega-funds.

strengths

• Only pure-play digital infrastructure investment manager at $96 billion+ scale

• 25+ years combined team experience in digital infrastructure vs. recent entrants

• Platform strategy creates operating companies with independent management vs. direct ownership

• Geographic diversification across 25+ countries with regional champions

• Vertical integration across data centers, fiber, towers, small cells, and edge

opportunities

• Massive industry growth: $2T US data center capex projected over next 5 years

• Power constraints create advantage for established platforms with committed capacity

• AI/ML adoption driving demand for high-density infrastructure (360-720W/sq ft)

• Edge computing proliferation requires distributed infrastructure (AtlasEdge 100+ sites)

• 5G deployment creates tower and small cell densification opportunities

threats

• Intense competition from mega-funds: Blackstone $80B+ data center portfolio, KKR$50B ECP partnership

• Hyperscalers building owned infrastructure (Microsoft, Google, Amazon, Meta)

• Power availability constraints could limit growth regardless of capital

• Interest rate environment impacts levered infrastructure returns

• AI investment cycle risk - slowdown could reduce data center demand

projects

sources

• DigitalBridge - Official Website

• DigitalBridge (2025)

• DigitalBridge Investor Relations

• DigitalBridge (2025)

• DigitalBridge Portfolio Companies

• DigitalBridge (2025)

• DigitalBridge Leadership Team

• DigitalBridge (2025)

• DigitalBridge Reports Fourth Quarter and Full Year 2024 Financial Results

• DigitalBridge (2025-02-20)

• DigitalBridge Group Q4 2024 Earnings Call Transcript

• Seeking Alpha (2025-02-20)

• Colony Capital Announces Rebrand as DigitalBridge

• Business Wire (2021-06-08)

• DigitalBridge and La Caisse Complete Acquisition of Yondr Group

• DigitalBridge (2025-07-01)

• Zayo to Acquire Crown Castle’s Fiber Solutions Business in $4.25 Billion Transaction

• DigitalBridge (2025-03-13)

• Vantage Data Centers Completes $9.2 Billion Equity Investment

• DigitalBridge (2024-06-13)