Colony Capital raises $4.52bn

The Boca Raton-based firm has raised capital for its second fund.

Fund name: Digital Colony Partners II
Amount raised: $4.52 billion
Target size: $6.0 billion
Predecessor fund: Digital Colony Partners ($4.05  billion)

Colony Capital has raised $4.52 billion for Digital Colony Partners II. Capital raised by the vehicle will be used to invest in companies throughout North America, Latin America and Europe across the telecom sector.

Digital Colony Partners II received commitments from several institutional investors, including a $15 million commitment from Santa Barbara County Employees’ Retirement System, $35 million from Sacramento County Employees’ Retirement System, $75 million from Orange County Employees Retirement System, $100 million from New Jersey Division of Investment and $125 million from Employees Retirement System of Texas.