Everest Infrastructure Partners has closed on its second capital raise, EIP Holdings II,
bringing the total capital committed across EIP’s platform of communications infrastructure
assets to more than $350 million.  Commitments to funds managed by Everest come from a
mix of institutional investors, including pension funds, infrastructure funds, insurance
companies, endowments, and other global asset managers.

“We are actively looking for attractive wireless infrastructure assets, whether that is developing
new sites, mergers and acquisitions on existing towers, rooftops, and indoor systems. Really, we
are focused on all aspects of the wireless infrastructure ecosystem,” said Mike Mackey, president,
EIP. “We own a variety of assets including indoor DAS  but our biggest focus is on the macro tower
and rooftop sites.”

Formed in November 2015, Everest has been expanding as a national developer and aggregator of
communications Infrastructure assets. It purchased Boston-based Varsity Wireless Towers in 2018
and its portfolio of wireless towers, development pipeline of more than 50 wireless sites and a multi-
carrier indoor DAS in the Prudential Center in Newark, New Jersey. At the beginning of this year,
EIP Holdings I, LLC purchased nearly 100 wireless tower assets from Norwalk, Connecticut-based
Frontier Communications.

https://www.aglmediagroup.com/more-capital-flows-from-institutional-investors-into-towers/