August 4, 2019
Everest Infrastructure Partners today announced the closing of EIP Holdings II, LLC. The closing brings total capital committed across EIP’s platform of Communications Infrastructure assets to more than $350 million. Commitments to funds managed by EIP come from a broad mix of institutional investors, including pension funds, infrastructure funds, insurance companies, endowments, and other global asset managers.
“Our team has been investing institutional capital in Communications Infrastructure assets for more than 20 years. The present investment cycle, particularly with the launch of 5G wireless, is as compelling as any we’ve seen previously,” said Matt Newton, CEO of Everest. “Communications networks are evolving at a pace not seen in many years. Whether it’s emerging small cell and indoor DAS solutions, millimeter-band applications, edge networking, or in many cases traditional ‘macro’ cell towers, this is an incredibly dynamic evolution with immense opportunity to create value for our network operator and broadband customers.”
Over the past five years, Everest has established itself as a leading national developer and aggregator of Communications Infrastructure assets. “We provide a platform for our investors to own direct interests in real assets. We have had tremendous success developing, acquiring, and managing Communications Infrastructure for many years,” said Mike Mackey, President of Everest. “That success is driven by the attractiveness of our cost of capital, the breadth and proprietary nature of our origination platform, and the attention we give to customized solutions for independent tower owners and other industry counterparties. We deliver on what we say, we do it in a timely manner, and we are easy to work with.”
“The Everest platform is expanding across the set of opportunities we see in wireless networks,” said Newton. “Everest launched with a real estate aggregation platform and expanded into tower acquisitions and new site development in 2017. We recently launched a Commercial Real Estate platform and a third-party Tower Developer platform. By combining the national reach of our proprietary investment channels with the cost of capital advantage from our investor sponsorship, Everest will continue to be a leader in Communications Infrastructure. The evolution of 5G networks is having a profound impact on the growth of our industry and will continue to do so for the next decade. Everest expects to be at the forefront of growth throughout our industry for many years to come.”
About Everest Infrastructure Partners
Everest is a privately-owned operator of Communications Infrastructure assets including wireless communications towers, rooftop locations, tower ground leases, and indoor wireless systems. Everest develops and manages infrastructure for all major U.S. wireless operators and owns communications tower assets located in 45 states throughout the U.S.
For more information, visit www.everestinfrastructure.com