DigitalBridge

But when I begin to hear people are levering businesses to 70, 80% loan to value, I get altitude sickness is what I call it.

Gansey is the CEO of Digital Bridge, a 30-year-old firm with $121 billion in assets under management focused specifically on digital infrastructure.

In December, Digital Bridge agreed to be sold to SoftBank for $4 billion as part of the Japanese firm's AI stack.

In our interview, Gansey said he's not concerned about the data center market backed by investment-grade tenants with long-term contracts.

He calls those, quote, islands of safety.

Seven and a half trillion dollars to invest in our infrastructure and it's going to all be foreign money, blah, blah, blah, right? And then once I heard him say that about putting it on Wall Street, it all became clear to me because I know all the players and I know just how seriously gross that they all are.

The goal was to put that $250 billion into Tom Barrack's Colony Capital.

Now, this is all my opinion, by the way, right? And it sounds right.

It's certainly plausible.

And then another $250 billion from China.

And another $250, that Colony Capital, which then merged with North Star, became Colony North Star, right? was going to then have $750 billion under management, at which point everybody knew Kushner had no interest or intention of staying in Washington for four years.

He would leave after two years.

He would join Barrick as a partner in Colony North Star or whatever the name of the firm would be at that time.

So we found three managers that we think do a subset of the work in infrastructure really, really, really well.

DigitalBridge focus on data centers and digital infrastructure.

CIP, Copenhagen Infrastructure Partners, focus on, broadly speaking, renewables.

Actis, which is part of General Atlantic, going across asset type, but specializing in growth economies.