PERENfra Sees Opportunity in U.S. Water Infrastructure Needs
Infrastructure developer and operator PERENfra aims to raise $125 million for an investment fund to back new water mains and treatment facilities in a bid to capitalize on rising demand for water infrastructure across the U.S.—an often overlooked sector that gained more attention with the recent wildfires in and around Los Angeles.
The company is raising its first commingled investment vehicle, Perennial Infrastructure Fund I, to back water-supply and wastewater projects and has obtained commitments so far from strategic investors and family offices.
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