Ridgewood Infrastructure Secures $1.2 Billion for Fund II Growth

Ridgewood Infrastructure Achieves Remarkable Fund II Close

Ridgewood Infrastructure, a prominent player in the essential infrastructure investment sector, has recently achieved a significant milestone with the final close of its second fund, known as Ridgewood Water & Strategic Infrastructure Fund II LP. This fund has successfully raised a remarkable $1.2 billion in capital commitments, far exceeding its initial target of $1 billion. This success reflects the growing trust in Ridgewood's investment strategy and its commitment to crucial infrastructure operations.

A Diverse Range of Investors Supporting Fund II

The achievement of Fund II was made possible due to the support of a broad spectrum of institutional investors. These investors include public and corporate pensions, insurance firms, endowment funds, and asset managers from across North America, Europe, Asia, and the Middle East. This diverse backing showcases the confidence in Ridgewood’s approach to managing and investing in essential infrastructure, emphasizing collaboration and strategic partnerships.

Focus on Vital Infrastructure Sectors

Ridgewood Infrastructure’s investment strategy through Fund II continues its tradition of targeting essential infrastructure assets that serve critical needs across various sectors. Some key areas of focus include water, energy, transportation, and utilities. The firm employs a value-driven methodology that is keen on scaling operations, enhancing strategies, and ensuring that investments are professionally managed for optimal growth and sustainability.

Leadership's Vision and Commitment

Ross Posner, Managing Partner of Ridgewood Infrastructure, expressed his gratitude towards the firm’s existing partners while also welcoming several new investors that joined from different parts of the world. He emphasized how this $1.2 billion raise is a pivotal moment for the firm, reflecting the trust and confidence that partners place in the Ridgewood team and its long-term strategies.

Investments and Exits Demonstrating Success

Fund II has already initiated several noteworthy investments. One of the most notable projects includes the Prospect Lake Clean Water Center, which represents the third-largest water public-private partnership in U.S. history and is set to provide nearly 80% of the fresh water supply for the local community under a 30-year concession.

In addition, Ridgewood has achieved successful exits from its first fund, Fund I. Recently, Fund I sold its controlling stake in the Vista Ridge Water Pipeline, a significant project that supplies around 20% of San Antonio's fresh water, demonstrating the firm’s capability to deliver substantial value through strategic acquisition and divestiture. Moreover, this month, Fund I also divested its interest in SiEnergy, recognized as one of the fastest-growing regulated utilities in the nation.

Professional Expertise Behind Successful Operations

Matthew Swanson, one of Ridgewood’s Founding Partners, noted that the firm's achievements underline the exceptional talent within their team and the competitive strength of the Ridgewood platform. The firm aims to build on this strong foundation, propelling continued success in vital infrastructure projects that meet growing community needs.

Collaborative Efforts for Continued Growth

As the firm moves forward, it continues to engage with Eaton Partners, a Stifel company, serving as the placement agent, while Vinson & Elkins LLP provides legal counsel for the fund. This collaborative environment not only strengthens Ridgewood’s operations but also enhances the overall efficacy of investment strategies.

Frequently Asked Questions

What is the significance of Fund II's $1.2 billion close?

The $1.2 billion close for Fund II highlights Ridgewood Infrastructure's successful ability to attract diverse institutional investors and surpass its initial fundraising target.

Which sectors does Ridgewood focus on with Fund II?

Ridgewood is focused on essential infrastructure sectors including water, energy, transportation, and utilities, aligning investments with critical community needs.

What notable projects has Fund II invested in?

Fund II has made notable investments such as the Prospect Lake Clean Water Center, which is a significant public-private partnership for water supply.

How does Ridgewood ensure successful investment operations?

Ridgewood employs a professional, value-creation approach that focuses on scaling and enhancing the strategic positioning of their investments.

Who are the key leaders at Ridgewood Infrastructure?

Key leaders include Ross Posner and Matthew Swanson, who contribute to the firm's vision and operational success within the infrastructure investment landscape.

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