DigitalBridge-backed Pantheon Infrastructure, a closed-ended investment company, agreed to invest $54m in Deutsche Telekom-backed GD Towers, an independent tower and telecommunications infrastructure operator. "We are pleased to announce this latest transaction in a highly attractive asset that enables us to participate in the robust opportunity in European telecommunications with a high-quality counterparty. We believe the tailwinds in this sector provide attractive growth opportunities which are underpinned by long-term contracted cash flows that provide strong downside protection," Richard Sem, Pantheon Partner at Pantheon.