NEW
YORK, Jan. 15, 2025 /PRNewswire/ -- Ridgewood
Infrastructure ("Ridgewood"), a leading investor in essential
infrastructure in the U.S. lower middle market, today announced the
final close of its second fund, Ridgewood
Water & Strategic Infrastructure Fund II LP ("Fund II"),
with $1.2 billion in capital
commitments, significantly surpassing its $1
billion target.
Fund II attracted a diverse mix of leading institutional
investors, including returning and new public and corporate
pensions, insurance companies, endowment funds, and asset managers
from North America, Europe, Asia,
and the Middle East.
A continuation of Ridgewood's established strategy, Fund II is
focused on investments in essential infrastructure businesses and
assets that provide critical services in sectors including water,
energy, transportation, and utilities. Ridgewood's operationally
oriented, value creation approach emphasizes scaling,
professionalizing, and enhancing the strategic positioning of its
investments.
"We are grateful for the continued significant support from our
existing partners and are excited to welcome several new LPs from
across the globe," said Ross Posner,
Managing Partner of Ridgewood Infrastructure. "This is a meaningful
milestone for our firm, and we are deeply appreciative of the trust
our partners continue to place in our team and strategy."
Michael Albrecht, Managing
Partner, added: "We look forward to continuing to deliver value for
our investors and the many communities in which our portfolio
companies operate."
Fund II has already made several notable investments, including
the Prospect Lake Clean Water Center, the third-largest water
public-private partnership in U.S. history, which will provide
approximately 80% of Fort
Lauderdale's fresh water under a 30-year concession
agreement.
Ridgewood has also had notable recent exits from its inaugural
fund ("Fund I"). Last October, Fund I sold its controlling interest
in the Vista Ridge Water Pipeline, America's largest water
public-private partnership, which supplies approximately 20% of
San Antonio's fresh water under a
30-year concession agreement. Earlier this month, Fund I also sold
its controlling interest in SiEnergy, one of the fastest growing
regulated utilities in America.
"Our achievements reflect the exceptional capabilities of our
team and the strength of the Ridgewood platform," said Matthew Swanson, Founding Partner of Ridgewood
Infrastructure. "We look forward to building upon this strong
foundation of success in the years to come."
Eaton Partners, a Stifel company, acted as the placement agent,
and Vinson & Elkins LLP served as legal counsel for the
fund.
About Ridgewood Infrastructure
Ridgewood
Infrastructure is a leading infrastructure investor in the U.S.
lower middle market with sectors of focus including water, energy,
transportation, and utilities. For more information, visit
www.ridgewoodinfrastructure.com.
Contact Information: Ridgewood Infrastructure
527 Madison Avenue, 18th Floor
New York, NY 10022
Phone: (212) 867-0050
Email: Inquiries@RidgewoodInfrastructure.com
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