: Grain Management is Attempting to Raise $4b For its Fourth Opportunity Vehicle

Grain Management, a telecoms investment firm, intends to raise billions of dollars for its forthcoming investment fund. According to the WSJ, Grain is seeking $4 billion for its fourth primary fund to support expenditures on infrastructure in the telecommunications industry. In line with documents prepared for the investment guidance council of Connecticut Retirement Plans and Trust Funds, Grain Communications Opportunity Fund IV LP will predominantly invest in companies' equity in the internet connectivity, data center, and telecom-tower sectors. Although the fund is global, North America would be its primary concentration, with equity investments ranging from $100 million to $500 million.

David Grain, the former president of Global Signal, founded the company in 2007 to invest solely in the global broadband industry, including fiber networks, cellular spectrum, mobile towers, infrastructure solutions, and managed services. As of the end of 2022, Grain managed nine investment vehicles with a total of $7.9 billion in assets under management. Since then, in 2023, the company has acquired Alaskan fiber provider Quintillion and hosted service provider Spectrotel.

Other investments made by Grain include those in Brazilian fiber provider Alares, optical network connectivity provider LightRiver, telco-focused construction services provider Y-Com, telco distribution provider Network Wireless Solutions, and education network provider WANRack.