Ocorian has supported the launch of Cordiant Digital Infrastructure Fund – said to be Guernsey's first London Stock Exchange-listed fund focused on investing in digital infrastructure assets.
The fund, managed by Canadian asset manager Cordiant Capital, has listed on the Specialist Fund Segment of the London Stock Exchange's Main Market.
It raised £370m from its IPO through the issuing of 370 million shares at 100p each and additional subscription shares to IPO investors that can be held in an ISA.
The £370m fundraise surpassed the initial target of £300m. The listing also makes the fund the first Guernsey-incorporated LSE-listed fund launched in 2021.
Cordiant intends to capitalise on the growth in data consumption and traffic by investing in digital infrastructure assets in the UK, Europe and North America.
Its focus will be on data centres, mobile telecommunications/broadcast towers and fibre-optic network assets. The fund will deploy in the mid-market and is seeking net returns of 9%.
Ocorian has supported Cordiant throughout the IPO process and will provide fund administration, accounting, reporting and regulatory services to the fund, which is registered with the Guernsey Financial Services Commission as a closed-ended collective investment scheme.