Sandy Creek Partners GP, LLC (“SCP”) recently held a final close on its inaugural fund, Sandy Creek Partners Fund I, LP (“Fund I”) with $26 million in limited partner and general partner commitments. Fund I targets equity investments in conservation and mitigation projects with attractive return potential. SCP represents a 50/50 partnership between Sandy Creek Capital, LLC and EarthBalance Capital, LLC, whose affiliate companies have been investing together in mitigation for over 14 years.
SCP Managing Partner, Gray Stevens, said, "We are very pleased to be one of the pioneering private equity funds targeting local-scale mitigation projects that are often capital constrained. We are grateful for the capital commitments made by our distinguished group of investors and will work diligently to execute our investing plan."
Foley and Lardner LLP served as legal counsel in the formation of Fund I.