Grain Management Welcomes Steven Smith as a Managing Director

Core Insights - Grain Management, LLC has appointed Steven R. Smith as Managing Director on the Investment Team, bringing over 30 years of experience in the TMT industry [1][2] - Smith's previous role at Verizon included leading Corporate Finance and overseeing a multi-billion dollar capital program, which enhances Grain's capabilities in spectrum-related opportunities [1][2] - The addition of Smith aligns with Grain's strategy to expand its leadership in telecommunications and digital infrastructure, particularly in light of industry growth driven by immersive technology, generative AI, and 5G networks [3] Company Overview - Grain Management, founded in 2007, is a global investment firm specializing in digital infrastructure and broadband communications [4] - The firm emphasizes the importance of broadband and digital infrastructure in the tech-enabled transformation across various industries [4] - Grain's investment strategy is guided by a combination of sector knowledge, operational experience, and a disciplined analytical approach, focusing on fiber networks, data centers, wireless spectrum, and cell towers [4]