InfraRed Capital Partners expands in the U.S. with $150m critical greenfield digital infrastructure investment in LiveOak Fiber

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Category Investments / United States
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InfraRed Capital Partners (“InfraRed”) is allocating $150m in capital to LiveOak Fiber, a new U.S.-based regional broadband services provider. This investment will fund a next-generation broadband fiber network to fortify critical digital infrastructure, beginning in underserved Glynn County, Georgia and Okaloosa County, Florida.

When complete, LiveOak Fiber’s regional network will provide fiber-based broadband internet and communications solutions to serve homes and businesses throughout the Southeastern United States. Residents and businesses can expect a robust internet service with symmetrical speeds up to 10Gbps – the fastest offered in the U.S. LiveOak Fiber also addresses the needs of the growing business communities in the region, with advanced business services including dedicated private connectivity, Unified Communications, and Secure Access Service Edge (SASE).

Jack Paris, Head of Americas at InfraRed Capital Partners said:

“Closing the digital divide by investing in attractive economic opportunities that enhance participation in the digital economy is essential. InfraRed’s support of the LiveOak Fiber team’s vision of empowering underserved communities through critical infrastructure and superior service is a much-needed step toward this goal. We are committed to investing in sustainable community assets like LiveOak.”

Jody Craft, President of LiveOak Fiber said:

“Glynn and Okaloosa counties currently lack the critical digital infrastructure services needed to foster both a growing population and attract new business. With InfraRed’s support, we are presented with an opportunity to displace the outdated incumbent networks with state-of-the-art fiber optics backed by best-in-class service. This will allow these regional communities to leap the broadband divide, rather than simply close it.”


About InfraRed Capital Partners

InfraRed Capital Partners is an international infrastructure investment manager, investing in real assets which contribute positively to society and support the transition to a net zero future. It operates worldwide from offices in London, New York, Sydney and Seoul. With around 170 professionals, it manages US$12bn+ of equity capital in multiple private and listed funds, primarily for institutional investors across the globe.

At InfraRed, a long-term, sustainability-led mindset is essential to delivering lasting success, and this mindset directs its assessment and management of the Environmental, Social and Governance (“ESG”) aspects of its business. InfraRed has been a signatory of the Principles of Responsible Investment since 2011 and has been awarded triple A+ score in the 2020 review (relating to the 2019 assessment period). It is also a member of the Net Zero Asset Manager’s Initiative, a certified CarbonNeutral® company1 and is a TCFD supporter.

InfraRed is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. Over the past 30 years, InfraRed has established itself as a highly successful developer and custodian of core infrastructure, renewable energy and real estate assets that play a vital role in supporting sustainable communities.

1. In accordance with The CarbonNeutral Protocol. Further information is available at https://carbonneutral.com/ the-carbonneutral-protocol