Oversubscribed Fund Highlights Continued LP Demand for Infrastructure Solutions Investing

Warren Equity Partners Manager, L.P. (“WEP”), a leading investor in infrastructure solutions with AUM of $9.6 billion¹, today announced the closing of Warren Equity Partners Fund V, L.P. and Warren Equity Partners Fund V-A, L.P. (collectively, “Fund V”), with approximately $2.8 billion in total capital commitments. Fund V surpassed its initial target of $2.25 billion in less than 12 months and closed oversubscribed at its hard cap. Fund V received commitments from over 60 global institutions, including pension funds, insurance companies, asset managers, endowments and foundations, and family offices.

Fund V will continue WEP's flagship strategy of investing in companies that maintain, operate, and upgrade critical infrastructure assets across the infrastructure solutions and facilities markets. WEP’s thematic focus spans a targeted range of sectors characterized by recurring, non-discretionary demand and long-term secular tailwinds, including power and utilities, water and wastewater, transportation, waste, digital infrastructure, and buildings and facilities. The firm will continue its partnership-oriented approach with management teams and leverage its dedicated Operations Group² to drive organic growth, enhance operational capabilities, and execute consolidation strategies within fragmented markets.

"We are grateful to our existing investors, who have supported us across multiple funds, as well as the new investors who partnered with us for Fund V," said Steven Wacaster, Managing Partner and Co-Founder of Warren Equity Partners. "We believe the successful close of Fund V reflects the strength of the strategy we have executed for more than a decade. Across changing market cycles and fundraising environments, we have remained focused on a defined set of infrastructure solutions markets and have continued to invest in our thematic research, sourcing capabilities, and operating resources, which are increasingly supported by our proprietary, in-house AI platform. We believe that sustained commitment to this strategy continues to differentiate our firm, and we are excited about the opportunities ahead as we deploy Fund V."

"Since inception, we have focused on identifying and partnering with market-leading companies and management teams across our core sectors," said Scott Bruckmann, Partner and Co-Founder of Warren Equity Partners. "Our investment process begins years before we make an investment, and we are continually developing themes within infrastructure solutions to source differentiated opportunities across both North America and Europe. We will continue to exercise discipline with our distinct sector focus and leverage our operating resources to create long-term value as we deploy Fund V.”

On June 1, 2026, Fund V announced its first platform investment with the acquisition of USG Water Solutions, a leading U.S. provider of outsourced water tank maintenance and asset management services to municipal water utilities, supporting compliant operation of critical drinking water infrastructure.

Fund V is complemented by WEP’s small-cap strategy, ELIDO Fund II, a fund raised in 2024 with over $590 million in commitments that targets lower middle market companies within the same thematic areas. Since inception in 2015 and as of Fund V’s final close, WEP funds have completed 38 platform investments and over 175 add-on acquisitions.

Harris Williams LLC served as advisor on the fundraise and Kirkland & Ellis LLP served as fund counsel.

About Warren Equity Partners
Warren Equity Partners is a private equity firm investing in companies providing mission-critical products and services supporting infrastructure and the built environment. The firm invests in middle market businesses across target sectors including power and utilities, water and wastewater, transportation, waste, digital infrastructure, and buildings and facilities. Founded in 2015, WEP has completed over 215 transactions to date and manages $9.6 billion in assets. WEP has offices in Jacksonville Beach, FL; New York; Houston; and London.

¹ Total RAUM as of July 1, 2026 (based on preliminary June 30, 2026 valuations, presented pro forma for Fund V close).
² Members of the Operations Group may be employees of WEP Operations Group, LLC, its affiliates or independent contractors. The Operations Group is generally compensated by WEP-sponsored funds or portfolio companies for their services to such entities. Any such fees, compensation or other amounts paid to the Operations Group will not result in offsets or reduction to Fund V’s management fees or any other compensation to WEP.

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