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SOURCE TowerPoint Capital
ATLANTA, July 23, 2014 /PRNewswire/ -- TowerPoint Capital (TowerPoint), a leading institutional investor in cellular site locations, today announced it has entered into an agreement with AllianceBernstein Private Credit Investors to facilitate its ongoing acquisition of high quality assets and accumulate diversified portfolios in the United States, Canada and the Commonwealth of Puerto Rico.
"We are thrilled with the opportunity to have AllianceBernstein as our exclusive financial partner and to have access to their significant financial and intellectual resources," said Jesse Wellner, Chief Executive Officer of TowerPoint. "The backing of AllianceBernstein, a leading asset manager, further validates our relevance in the marketplace and underpins our growing momentum. Both TowerPoint and AllianceBernstein share common views regarding the attractiveness of the wireless infrastructure industry and are committed to creating value for our carrier, tower company and landlord partners. "
"We are excited to work with TowerPoint's management team, who has a strong track record of serving sector participants by delivering creative and efficient solutions for investment in critical wireless infrastructure assets," commented Brent Humphries, President of AllianceBernstein Private Credit Investors. Patrick Fear, Managing Director of AllianceBernstein Private Credit Investors added, "Wireless infrastructure is a key area of expertise for our platform and we are excited to have been able to bring our industry knowledge, structuring expertise and flexibility to bear in this transaction."
AllianceBernstein Private Credit Investors is headquartered in New York, NY. TowerPoint is headquartered in Atlanta, GA.
About TowerPoint Capital:
TowerPoint Capital is a 100% management owned institutional investor in cellular site locations across the United States. Since 2007, TowerPoint has created long-term value for its landlord and corporate partners by emphasizing the firm's core values - Knowledge, Professionalism, Integrity, Partnership. The TowerPoint leadership team possesses fifty years of combined experience, having invested in (or financed) over $1 billion in telecommunications infrastructure and real estate-related assets.
About AllianceBernstein L.P. and AllianceBernstein Private Credit Investors:
AllianceBernstein Private Credit Investors is the private corporate credit investment platform of AllianceBernstein L.P., a leading global asset manager with approximately $480 billion in assets under management. AllianceBernstein Private Credit Investors is a strategic component of AllianceBernstein's growing alternatives presence and is focused on U.S. middle market investment opportunities.
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