Ridgewood Infrastructure Hits Hard Cap on its Inaugural Fund

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NEW YORK, Feb. 27, 2020 /PRNewswire=KYODO JBN/ --

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 www.ridgewoodinfrastructure.com

For More Information:

Ridgewood Infrastructure

34 East 51st Street, 9th Floor

New York, NY 10022

Phone: +1 (212) 867-0050

Inquiries@RidgewoodInfrastructure.com

SOURCE: Ridgewood Infrastructure