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Laxman Pai, Opalesque Asia:

Real assets specialist Ridgewood Infrastructure has raised $1.2bn for its second water and infrastructure fund, surpassing its initial $1bn target.

Ridgewood Water & Strategic Infrastructure Fund II attracted a diverse group of global institutional investors across North America, Europe, Asia, and the Middle East, said a media release from the infrastructure investor in the U.S. lower middle market with sectors of focus including water, energy, transportation, and utilities.

A half-dozen public LPs have announced investments in the fund, including $150m from the Connecticut Retirement Plans & Trust Funds (CRPTF), $75m from the State of Michigan Retirement System, and $50m from the Sacramento County Employees' Retirement System.

The Connecticut investment is among the largest in the fund, with several other nine- and eight-figure investments and dozens of smaller investments along the lines of the San Jose city employees retirement investment of $5m.

"We are grateful for the continued significant support from our existing partners and are excited to welcome several new LPs from across the globe," said Ross Posner, Managing Partner of Ridgewood Infrastructure. "This is a meaningful milestone for our firm, and we are deeply appreciative of the trust our partners continue to place in our team and strategy."

Fund II has already made several notable investments, including the Prospect Lake Clean Water Center, the third-largest water pu......................

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