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PERENfra announces Perennial Infrastructure Fund I
FERGFerguson plc(FERG) Prnewswire·2025-02-13 12:15

Core Investment Fund Overview - PERENfra LLC has launched the Perennial Infrastructure Fund I™, focusing on core water infrastructure assets to provide income and long-term capital appreciation through sustainable water solutions [1][2] - The Fund has a target size of 125millionandaimstobefullysubscribedbyearly2025,havingalreadysecuredmultiplelimitedpartnercommitments[2][3]ManagementandStrategicPartnerships−PERENfraservesastheManageroftheFund′sGeneralPartner,withPIFEquityPartners,LLCactingastheinvestmentmanager[3]−TheFundhasattractedstrategicinvestors,includingGarneyEquityHoldingsandFergusonVentures,positioningitasauniqueinvestmentvehicleinthewaterinfrastructuresector[4][5]InvestmentStrategyandMarketPosition−TheFundisaddressingasignificantcapitalneedinthewaterinfrastructuremarket,withafocusonunique,sole−sourcedopportunitiesthatenhanceefficiencyandexpediteinfrastructuredevelopment[6]−Initialinvestmentswillfinance,design,construct,own,andoperatesixnewwaterandwastewatertreatmentplants,withfullcapitaldeploymentanticipatedby2026[5][6]CompanyBackgrounds−PERENfraspecializesininvestingin,acquiring,developing,andoperatingessentialwaterinfrastructure,emphasizingreliability,efficiency,andqualityinasectorfacingunderinvestment[8][9]−GarneyCompaniesInc.isaleaderinwaterandwastewaterinfrastructure,committedtodeliveringcleandrinkingwaterandprotectingpublichealththroughessentialsystems[10]−Fergusonisthelargestvalue−addeddistributorintheNorthAmericanconstructionmarket,withsalesof125 million and aims to be fully subscribed by early 2025, having already secured multiple limited partner commitments [2][3] Management and Strategic Partnerships - PERENfra serves as the Manager of the Fund's General Partner, with PIF Equity Partners, LLC acting as the investment manager [3] - The Fund has attracted strategic investors, including Garney Equity Holdings and Ferguson Ventures, positioning it as a unique investment vehicle in the water infrastructure sector [4][5] Investment Strategy and Market Position - The Fund is addressing a significant capital need in the water infrastructure market, with a focus on unique, sole-sourced opportunities that enhance efficiency and expedite infrastructure development [6] - Initial investments will finance, design, construct, own, and operate six new water and wastewater treatment plants, with full capital deployment anticipated by 2026 [5][6] Company Backgrounds - PERENfra specializes in investing in, acquiring, developing, and operating essential water infrastructure, emphasizing reliability, efficiency, and quality in a sector facing underinvestment [8][9] - Garney Companies Inc. is a leader in water and wastewater infrastructure, committed to delivering clean drinking water and protecting public health through essential systems [10] - Ferguson is the largest value-added distributor in the North American construction market, with sales of 29.6 billion in FY'24, providing a wide range of products and services [11]