Another non-executive director has stepped down from heavily derated Digital 9 Infrastructure (DGI9 ) following a dual departure before Christmas. 

Keith Mansfield, who was on the board from the £929m fund’s launch in 2021, stepped down with immediate effect on 4 January, following in the footsteps of previous chair Phil Jordan and senior independent director Lisa Harrington, who jumped ship before Christmas.

‘On behalf of the board, I would like to thank Keith for his contribution to the company,’ interim chair Charlotte Valeur wrote.

Valeur is now the only member of the original board established at the company’s IPO in March 2021 still working on the trust. 

Committee changes 

As a result of the recent shifts DGI9 announced changes to the board’s committees. 

Aaron Le Cornu, who has been on the board since 2022, was appointed chair of the audit committee, which new recruit Brett Miller will join. Miller was also appointed chair of the management engagement committee.

The board also said it will establis a valuation committee, which is to be chaired by Richard Boléat, who joined alongside Miller to provide the skills and experience required to progress the strategic review. All directors will be members of the valuation committee.

The fund’s shares jumped 2.4% to 32.25p in response to the news, a 68% discount to the June net asset value of 101.5p.

Investment manager Triple Point is in the process of selling most of DGI9’s share in Icelandic data centre operator Verne Global for up to $575m (£456m), which is due to be completed by the end of the quarter. 

The strategic review could see the fund offload its remaining investments and begin to wind down less than three years after launch.