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.