WRB Serra Partners, a Tampa, Florida-based private equity firm, closed its maiden fund, at $46.5M.
WRB Serra Partners Fund I, L.P., received commitments from limited partners including a mix of family office and institutional investors and the Overseas Private Investment Corporation.
Founded in 2015 and led by G. Robert “Bob” Blanchard, Jr., Robert Blenker, and Eric Wenick, WRB Serra is a private equity firm that invests in renewable energy, energy efficiency, and water infrastructure in Latin America and the Caribbean.
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.
The firm is targeting investments of US$7m to US$25m from the fund and with additional capital from its limited partners.
WRB Serra previously announced its first investment in Content Solar Ltd., a Jamaican 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.