On October 12, Florida-based private equity firm WRB Serra Partners successfully closed Fund I with committed capital of $46.5 million. The capital is sourced from a mix of family office and institutional investors, along with the Overseas Private Investment Corporation.
WRB Serra Partners is an active investor in renewable energy, energy efficiency, and water infrastructure in Latin America and the Caribbean, most notably Jamaica’s first utility-scale solar PV project, the 20 MW Content Solar Ltd. The firm will target investments between $7 million and $25 million from the Fund with additional capital from its limited partners.
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.
“We are very excited to have a committed pool of capital dedicated to the Caribbean and Latin America,” says Bob Blanchard. “We are seeing many exciting opportunities that benefit consumers and promote sustainable economic growth in the region.”
“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,” added Robert Blenker.
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.