PERENfra Secures $142.8 Million for Perennial Infrastructure Fund I

DENVER--(BUSINESS WIRE)--PERENfra LLC (“PERENfra”), a leading investor, owner, and operator of water infrastructure is pleased to announce the recent completion of fundraising for its inaugural Perennial Infrastructure Fund I™ (the “Fund”) with an oversubscribed $142.8 million in committed capital. The Fund received strong support from strategic partners such as Garney Equity Holdings and Ferguson Ventures as well as several large single-family and multi-family offices.

The Fund invests in greenfield and brownfield water infrastructure projects in high-growth geographies within the United States. The strategy focuses on value engineered capital projects and operational efficiencies, providing certainty and speed to market for partners and clients.

PERENfra has already committed over 35% of the Fund across various cash-flowing assets and is currently progressing on a sole-sourced actionable pipeline. All Fund assets feature long-term contracted revenues while being positioned for growth and expansion over the next few years.

Jeff Nelson, the Managing Member of the Fund’s General Partner and the Founder & CEO of PERENfra, said:

“PERENfra’s experience and hands-on approach to engineering, constructing and operating our infrastructure assets will generate meaningful returns for the Fund. We sincerely appreciate the trust and relationships that we have built with our limited partners and are committed to executing our strategy for their benefit.”

About PERENfra:

PERENfra invests in, acquires, develops, and operates essential water infrastructure. Our assets provide our clients and partners reliability, efficiency, and quality in a market that is suffering from severe underinvestment and aging infrastructure. Led by a team of experts with more than 120 years of combined experience in the water sector, PERENfra is focused on ensuring water quality, conservation, and accessibility across the United States.