Sandy Creek Partners Fund I, LP - Final Close announced

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.

Join Gray at the National Mitigation and Ecosystem Banking Conference on May 6-10, 2019 in Minneapolis, MN

Gray will be speaking and moderating his annual workshop designed for regulators on the business of mitigation banking at the National Mitigation and Ecosystem Banking Conference on May 7, 2019 in Minneapolis, MN. This year he will also be leading a new P3 workshop designed specifically for public landowners to assist in their evaluation of using private mitigation capital to fund restoration needs.

2018 National Conservation Training Center teaching assignment

Gray recently returned from a teaching engagement at the National Conservation Training Center in Shepherdstown, WV.  His class on the Business of Banking is part of the Conservation Banking Training Course offered by The Conservation Fund's Conservation Leadership Network and the US Fish and Wildlife Service.  The Course was sponsored by the Federal Highway Administration, USDA Office of Environmental Markets, US Army Corps of Engineers, US Department of Defense, and the National Mitigation Banking Association.   Gray was joined by other instructors including Deblyn Mead, USF&W Service's National Conservation Banking Coordinator and Steve Martin from the USACE's Institute for Water Resources.  This was Gray's fourth opportunity to teach at the (stunningly beautiful) National Conservation Training Center.