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Grain Management rounds up $3.75 billion for spectrum, telecom investments

April 6, 2021

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Telecom-focused private equity company Grain Management says it has closed on $3.75 billion in funding in the past year, exceeding its targets for purchases of spectrum and other investments.

Grain, founded in 2007, specializes in telecom infrastructure investments including fiber networks, wireless spectrum and cell towers. Its C Band bidding vehicle, NewLevel II, bid the fifth-highest amount in the C Band spectrum auction: $1.277 billion for 10 licenses in 10 Partial Economic Areas across the country. The $3.75 billion announced today included $1.5 billion in funding that Grain closed on last September — prior to the auction — through its spectrum-focused investment vehicle, Grain Spectrum Holdings III, order to fund that purchase.

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