– Ridgewood Infrastructure closed its second fund, Ridgewood Water & Strategic Infrastructure Fund II LP, with $1.2 billion in commitments, surpassing its $1 billion target.
– Investors included public and corporate pensions, insurance companies, endowment funds, and asset managers from North America, Europe, Asia, and the Middle East.
– Fund II focuses on essential infrastructure investments in water, energy, transportation, and utilities.
– Ridgewood emphasizes operational improvements, scaling, and strategic enhancement in its investments.
– Notable Fund II investment: Prospect Lake Clean Water Center, providing 80% of Fort Lauderdale’s fresh water under a 30-year concession.
– Fund I achieved significant exits, including Vista Ridge Water Pipeline and SiEnergy, demonstrating Ridgewood’s value creation success.
– “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.
– “We look forward to continuing to deliver value for our investors and the many communities in which our portfolio companies operate,” said Michael Albrecht, CFA, Managing Partner.
– “Our achievements reflect the exceptional capabilities of our team and the strength of the Ridgewood platform,” said Matthew E. Swanson, Founding Partner.
– Eaton Partners served as placement agent, and Vinson & Elkins acted as legal counsel.
