Ridgewood Infrastructure Completes $1.2 Billion Fund II Close

Ridgewood Infrastructure's Fund II Achieves Significant Milestone

Ridgewood Infrastructure, a prominent player in investing in essential structures in the lower middle market of the U.S., recently announced a significant achievement with the final close of its second fund, Ridgewood Water & Strategic Infrastructure Fund II LP, amassing an impressive $1.2 billion in capital commitments. This milestone far surpasses the initial target of $1 billion, illustrating the confidence that investors have in Ridgewood’s approach and strategy.

Diverse Investment Base Contributes to Success

The successful completion of Fund II has attracted a diverse set of institutional investors. This includes both returning partners and new public and corporate pensions, insurance companies, endowments, and asset managers from various parts of the globe, including North America, Europe, Asia, and the Middle East. This wide-ranging support not only highlights the broadened trust in Ridgewood’s investment philosophy but also signifies a collective interest in essential infrastructure sectors.

Focus on Critical Infrastructure

Fund II is a continuation of Ridgewood's proven strategy, centered on investments in vital infrastructure businesses and assets. The fund is tailored to cater to sectors such as water, energy, transportation, and utilities, which are indispensable for everyday operations and serve communities across regions. With a commitment to operational excellence, Ridgewood emphasizes creating value through scaling and professionalizing its projects.

Leadership Commitment to Growth

Ross Posner, the Managing Partner of Ridgewood Infrastructure, expressed gratitude for the ongoing support from existing partners and welcomed several new limited partners. The firm considers reaching this milestone a testament to the team's dedication and the strong relationships built over time. He remarked, "We are grateful for the continued significant support from our existing partners and are excited to welcome several new LPs from across the globe. 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."

Noteworthy Investments and Exits

Ridgewood's Fund II has already engaged in several key investments, one of which includes the Prospect Lake Clean Water Center, recognized as the third-largest public-private partnership in U.S. history regarding water services. This critical asset is set to deliver about 80% of Fort Lauderdale's fresh water under a comprehensive 30-year concession agreement.

Additionally, Ridgewood has achieved remarkable exits from its inaugural fund, Fund I, with notable sales such as the Vista Ridge Water Pipeline, America’s largest water public-private partnership, which significantly contributes to San Antonio's water supply, and SiEnergy, one of the rapidly growing regulated utilities in the country. These successful transitions mark Ridgewood’s ability to generate value not just for investors but for the communities supported by these essential services.

The Foundation of Future Success

Matthew Swanson, a Founding Partner at Ridgewood, emphasized the remarkable capabilities of the team and the robust foundation that Ridgewood has established in the infrastructure investment landscape. He stated, "Our achievements reflect the exceptional capabilities of our team and the strength of the Ridgewood platform. We look forward to building upon this strong foundation of success in the years to come." With a firm commitment to enhancing the infrastructure that underpins essential services, Ridgewood is poised for ongoing impact and advancement in the sector.

About Ridgewood Infrastructure

Ridgewood Infrastructure stands as a leading infrastructure investor, focusing on essential sectors within the U.S. lower middle market, including water, energy, transportation, and utilities. The firm operates in a landscape where reliable infrastructure is critical to community resilience and advancement, and it continues to seek investment opportunities that align with its mission of fortifying community services.

Frequently Asked Questions

What is the main investment focus of Ridgewood Infrastructure?

Ridgewood Infrastructure primarily focuses on essential infrastructure sectors, including water, energy, transportation, and utilities.

How much capital did Fund II raise?

Ridgewood’s Fund II successfully raised $1.2 billion, exceeding its initial target of $1 billion.

Who are the investors in Fund II?

The fund attracted a mix of institutional investors, including public and corporate pensions, insurance companies, and endowment funds from different regions.

What significant investments has Fund II made?

Fund II has made notable investments, including the Prospect Lake Clean Water Center, a major public-private partnership.

What are the future plans for Ridgewood Infrastructure?

Ridgewood Infrastructure aims to continue investing in vital sectors while enhancing the strategic positioning of its projects to build value for the communities served.

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