Sandy Creek Partners Fund II, LP - Final Close announced

Sandy Creek Partners, LLC (“SCP”) recently held a final close on its second fund, Sandy Creek Partners Fund II, LP (“Fund II”) with $33 million in limited partner and general partner commitments, nicely exceeding its $30 million target.. Like SCP Fund I that is now fully committed, Fund II 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 18 years.

SCP’s Managing Partner Gray Stevens said, "We are very pleased to be one of the pioneering private equity fund managers targeting local-scale mitigation projects that are often capital constrained. We are grateful for the Fund II capital commitments made by our distinguished group of limited partners, the vast majority of which also invested in Fund I. We will work diligently to execute our investing plan.”

Foley and Lardner LLP served as legal counsel to SCP in its formation of Fund II.

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’s 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.

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.