Grain Management is raising its fourth main fund to back infrastructure investments in the telecommunications sector, seeking around 78% more capital than it raised for its predecessor even as the fundraising market grows more challenging.
The Washington-headquartered firm is aiming to raise $4 billion for Grain Communications Opportunity Fund IV LP, which will mainly make equity investments in businesses in the broadband, data-center and telecom-tower sectors, according to documents prepared for the investment advisory council…
This article was written by and originally published on www.wsj.com