WRB Serra Partners Fund I achieves final close at US$46.5 million

WRB Serra Partners has successfully completed the closing of WRB Serra Partners Fund I, L.P. with committed capital of US$46.5 Million. The fund secured capital from a mix of family office and institutional investors and the Overseas Private Investment Corporation.

Founded in 2015, WRB Serra is a Florida-based private equity firm that invests in renewable energy, energy efficiency, and water infrastructure in Latin America and the Caribbean. The firm is targeting investments of US$7 million to US$25 million from the Fund and with additional capital from its limited partners.

WRB Serra previously announced its first investment in Content Solar Ltd., Jamaica’s first utility-scale solar photovoltaic plant, which is located in Clarendon Parish, Jamaica. The 20-megawatt, grid-connected solar plant began construction in January 2016 and commenced commercial operations in August 2016. Content Solar generates and sells energy to Jamaica Public Service Company (JPS) under a 20-year power purchase agreement.

WRB is targeting investments in solar, wind, hydro, and biomass generation, storage, energy efficiency, and potable water infrastructure from early stage construction to operating assets.

WRB Serra’s partner group has a decades long history developing, operating, and financing infrastructure projects in the region and includes G. Robert “Bob” Blanchard, Jr., Robert Blenker, and Eric Wenick.

Bob Blanchard stated:

“We are very excited to have a committed pool of capital dedicated to the Caribbean and Latin America. We are seeing many exciting opportunities that benefit consumers and promote sustainable economic growth in the region.”

Robert Blenker commented:

“Our affiliated development capabilities and long track record operating in the region make us an ideal match for developers seeking to bring their projects to completion with a partner that can provide both expertise and capital.”

Eric Wenick added:

“Content Solar is a perfect example of how WRB Serra brings structuring, finance, and development capabilities to bear. We look forward to working with developers and utilities in the region to help bring other successful projects to life.”