Cordiant Digital Infrastructure (ticker: CORD) is one of two digital infrastructure trusts launched in early 2021 that are targeting "the plumbing of the Internet" in the form of assets such as mobile towers, fibre-optic cables, and data centres. This trust is looking for mid-sized deals of up to $500m, mostly based in North America and Europe, that are usually available at more modest valuations. It is aiming for an annualised return of at least 9%. Cordiant raised an impressive £370m in its IPO and has been back to the market twice since then for further funds. It has bought two assets with ...
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