Country for PR: United States
Contributor: PR Newswire New York
Thursday, February 27 2020 - 01:03
Ridgewood Infrastructure Hits Hard Cap on its Inaugural Fund
NEW YORK, Feb. 27, 2020 /PRNewswire-AsiaNet/ --

Ridgewood Infrastructure, LLC today announced the final close of Ridgewood 
Water & Strategic Infrastructure Fund, LP (the "Fund") at its hard cap of $600 
million. The Fund had initially targeted $500 million of capital commitments 
and was oversubscribed.  

Ridgewood Infrastructure invests in essential infrastructure in the U.S. lower 
middle market. The Fund has made three investments to-date, which include a 
30-year contracted, 142-mile pipeline to supply the city of San Antonio with 
approximately 20% of its fresh water; a consolidator of regulated water & 
wastewater utilities; and a regional regulated natural gas utility. Ridgewood 
Infrastructure anticipates closing the Fund's fourth investment prior to 
quarter-end. In aggregate, these investments will represent approximately 45% 
of the Fund's capital commitments.

"We appreciate the strong support we have received from leading institutional 
investors," said Ross Posner, Managing Partner of Ridgewood Infrastructure. 
"LPs recognize that our differentiated, operationally-oriented focus on the 
lower middle market allows us to access and create compelling investments in 
essential infrastructure that generate long-term, high quality, non-correlated 
cash flows." He added: "We look forward to continuing to build a strong Fund 
portfolio and generating exceptional outcomes for both our investors and 
portfolio partners."

The Fund received commitments from a diverse group of leading North American 
and European institutional investors including public and private pension 
funds; insurance companies; endowments and foundations; and specialized 
infrastructure-focused investment firms. Vinson & Elkins LLP acted as Fund 
counsel and Eaton Partners as placement agent.

"We are very proud to have hit the hard cap with our initial fundraise for 
Ridgewood Infrastructure," said Founding Partner Matthew Swanson. "Our success 
is a testament to Ross's leadership, our exceptional investment team, and the 
resources and relationships of the Ridgewood platform. We appreciate the 
partnership of our LPs and look forward to building on this success in the 
years to come."

About Ridgewood Infrastructure

Ridgewood Infrastructure invests in essential infrastructure in the U.S. lower 
middle market. Recent investments include the Vista Ridge Regional Water Supply 
Project, a long-term contracted 142-mile water pipeline that will supply the 
city of San Antonio, Texas with approximately 20% of its fresh water; Undine, 
which owns and operates regulated water and wastewater utilities in several 
major U.S. markets; and SiEnergy, which is among the largest and fastest 
growing regulated natural gas local distribution companies in Texas, serving 
approximately 25,000 customers.

Ridgewood Infrastructure is part of the affiliated Ridgewood companies, which 
currently manage $6 billion in total capital and commitments focused on 
investments in infrastructure and energy. 

For more information, please visit

For More Information: 
Ridgewood Infrastructure 
34 East 51st Street, 9th Floor 
New York, NY 10022 
Phone: +1 (212) 867-0050 

SOURCE: Ridgewood Infrastructure