#USA #Denver #Perennial Infrastructure #PERENfra LLC #Water Investment

Launch of Perennial Infrastructure Fund I

On February 13, 2025, PERENfra LLC announced an exciting venture with the unveiling of the Perennial Infrastructure Fund I™, designed to revolutionize the investment landscape for water infrastructure. This private investment fund aims to target vital and sustainable water solutions, focusing on delivering reliable income alongside long-term capital appreciation.

Fund Overview

The Perennial Infrastructure Fund I has set a target size of $125 million and is on a path to successfully close multiple limited partner commitments. This endeavor is anticipated to reach full subscription by early 2025. Under the leadership of Jeff C. Nelson, Founder and CEO of PERENfra, alongside Gary Brauchle, the Fund is poised to make a significant impact in the essential field of water infrastructure.

Established in 2020, PERENfra has made its mark in the industry by constructing a substantial pipeline of investment opportunities in sustainable water infrastructure. With the launch of the Fund, the company is positioning itself to further its mission of addressing the crucial funding gap within the water sector.

Partnerships for Progress

A notable aspect of the fund's strategy includes key partnerships with industry heavyweights Garney Equity Holdings and Ferguson Ventures. These strategic investors not only bring financial backing but also valuable insights derived from years of experience in addressing complex water and wastewater challenges across various sectors, ranging from municipal to private ownership.

David Burkhart, CEO of Garney, emphasized the critical need to modernize the nation’s water infrastructure, aligning their mission to build sustainable futures with the resources that matter most – water and people. Meanwhile, Blake Luse, Managing Director at Ferguson Ventures, indicated that this investment reflects a strategic step toward innovation in the sector, reinforcing their commitment to value-added solutions and sustainable practices.

Investment Strategy

The Fund has successfully commenced capital allocation and anticipates full deployment by 2026. Initial investments are poised to include long-term contracts for the financing, design, construction, ownership, and operation of six newly proposed water and wastewater treatment plants. These assets are essential for addressing the significant infrastructure deficits facing many communities today.

Investors bringing forth capital into the Fund will benefit from unique opportunities that streamline the development process, thereby enhancing efficiency and substantially reducing timelines in executing critical water infrastructure projects.

Moreover, the Fund aims to attract a robust mix of investors, particularly those versed in the industry's nuances and aware of the existing capital challenges traditional investment options present.

Looking Ahead

With an eye on the future, the Perennial Infrastructure Fund I stands to not only generate attractive returns for its investors but also make meaningful environmental and social contributions. As the Fund embarks on this journey, it highlights a shared commitment to fostering innovative and sustainable water solutions throughout the United States.

Davis Graham and Stubbs LLP has been appointed as the legal counsel for this Fund, which underlines the dedication to ensuring compliance and optimum management of the investment activities.

As PERENfra advances its goals, it sets a precedent in the water sector, demonstrating a keen understanding of the urgent demand for modernized infrastructure and a steadfast resolve to meet that need with strategic investments and partnerships. This Fund represents not just a financial venture but a step towards securing the reliability, efficiency, and quality of water across the nation, embodying the principles of sustainability for generations to come.