Silicon Valley digital infrastructure fund closes at $1bn

San Francisco-based Digital Alpha Advisors has closed its second digital infrastructure fund and exceeded its initial hard cap in collecting $1 billion.

The fund, which has already done three deals totaling $300 million, will invest in leading next-gen networks, cloud and Internet of Things/smart city solutions. The investments are vast and layered ranging from the commodity layer that includes fiber capital and data centers up to the consumption layer that includes content, apps and devices.

The $1.5 billion firm is led by former Cisco exec Rick Shrotri, who founded Digital Alpha . . .

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