2025 Grain Management Annual Report

By Morgan Thompson

(April 22, 2026) Grain Management is pleased to share our Annual Report, which examines how the Firm’s specialization in telecommunications and digital infrastructure continues to shape its investment strategy, operating model, and approach to value creation. The Report highlights Grain’s growth to $12 billion in assets under management, its nearly two-decade sector track record, and … Continued

2025 Grain Management Responsible Investing Report

By Tyler Lee

(December 17, 2025) It is with great pride that we present this year’s Responsible Investing Report, highlighting a year of key initiatives across the Firm’s platform. In a landscape shaped by rapid technological change, Grain remained focused on thoughtful partnership with its portfolio companies, disciplined measurement, and efforts that expand access to essential digital infrastructure. … Continued

A Foundational Asset Class Redefined

By Morgan Thompson

(October 15, 2025) The rapid advancement of artificial intelligence, cloud computing, and next-generation connectivity is redefining the digital economy — and reshaping the infrastructure that supports it. In our latest thought piece, A Foundational Asset Class Redefined: Unlocking Alpha in the Next Generation of Connectivity, senior leaders at Grain examine how these transformative forces are … Continued

2024 Grain Management Responsible Investing Report

By Tyler Lee

(December 11, 2024) It is with great pride that we present this year’s Responsible Investing Report. This document marks another year of Grain’s commitment to responsible investing—an approach we believe is not only necessary but imperative for the future of both private investments and the telecommunications industry. In a rapidly evolving world, where technology continues … Continued

Investing in Fiber Infrastructure: A Compelling, Long-Term Bet in a Digital-First World

By Tyler Lee

(December 4, 2024) As consumers, businesses, and governments alike move toward more bandwidth-intensive applications, the importance of fiber as a foundational asset for connectivity continues to rise. We believe investing in fiber infrastructure, both in the United States and abroad, represents an unparalleled opportunity to tap into this demand. In our latest insight, Investing in … Continued

2023, A Year of Strategic Growth and Partnership

By oxer

2023 Grain Annual Report Digital infrastructure has quickly become one of the most sought-after strategies within alternative investments. Meanwhile, for nearly three decades, Grain Management has been at the forefront of researching, operating, and investing in these critical assets that help power and support our connected world. Grain’s ability to take advantage of global investment … Continued

FEG Insight Bridge Podcast: All the Waves You Cannot See with David Grain

By Tyler Lee

(January 4, 2024) Broadband and digital infrastructure are foundational to the tech-enabled transformation occurring across industries and impacting so many facets of our lives. With this transformation, US $6-$10 trillion is projected to be deployed over the next decade, with sophisticated and agile investors like Grain helping to shape our digital future. In the latest … Continued

2023 Grain Management Responsible Investing Report

By Tyler Lee

(December 14, 2023) The investment decisions we make at Grain begin and end with partnership. As our shared belief in the importance of strong partnerships and our Firm’s core values have been adopted across our organization, they have served to drive value in all that we do. In our latest Responsible Investing Report, we detail … Continued

Challenges in Fiber Deployment: Opportunity for Agile Operators

By Tyler Lee

(November 10, 2023) Largescale fiber operators had ambitious plans to connect millions of homes in 2022, but missed their targets.  This disconnect stemmed from industry-wide challenges like permitting issues, general construction challenges, and supply chain delays coupled with operational issues such as long build-planning processes and multi-departmental coordination. In our latest insight, Challenges in Fiber … Continued

The State of FTTH in the US: A Bull Case for Operators

By Jennifer Chan

(August 16, 2023) Access to multiple high-speed broadband providers has become essential in an ever-virtualizing world in which entertainment, government programs, healthcare, and other core services are shifting online. However, for a substantial number of U.S. households, access to high-speed broadband is either nonexistent or captive to one provider. Grain Management explored the current coverage … Continued