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Triple Point returns with digital infrastructure IPO

1 February 2021
Elizabeth Pfeuti
Investment Week

Triple Point Investment Management is to launch a digital infrastructure-focused investment trust on the London Stock Exchange, hopeful of investor support despite the continuing pandemic.

Digital 9 Infrastructure will invest in a range of digital infrastructure assets that deliver a reliable, functioning internet and will comprise future proofed, non-legacy, scalable platforms and technologies, Triple Point announced today (1 February). The company expects to publish a prospectus in March and complete the IPO shortly afterwards.

James Cranmer, managing partner of Triple Point, said the investments the trust made would be long term in nature, focusing on stable cash flows and have environmental, social and governance considerations at their core.

“Digital 9 Infrastructure (DGI9) is an opportunity to invest in the true backbone of the internet,” said Cranmer.

“From day one, DGI9 will deliver returns underpinned by 20-year plus contracted revenue from some of the largest companies in the world, including Facebook, Apple, Amazon, Netflix, Google and Microsoft.”

Cranmer added that the pandemic had only accelerated the “fundamental transition to a digital economy”, the growth of which was “already unstoppable”.

“The convenience and flexibility of technologies like remote working, social media and video streaming have demonstrated their economic and social benefits – how we shop, socialise and work is fundamentally changing,” he said.

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