Tarpon Towers II announced this morning that it has secured over $100 million of new capital to acquire and build wireless communication towers and other wireless infrastructure. Tarpon II is a newly formed wireless communications tower company, a joint venture created by new funding consisting of a $60 million equity commitment from private equity firm, Redwood Capital Investment, LLC, and Tarpon’s management team. Additionally, Tarpon has obtained a commitment from a regional bank for a $40 million credit facility. “We are excited about partnering with Redwood Capital and continuing to invest in U.S. based assets. With Redwood Capital, we have found a partner that is committed to investing over a much longer period than traditional equity sources and has the capability and appetite to invest significantly more than the initial capital commitment,” said Ronald Bizick, Tarpon’s CEO. Continue reading here.