CIS Secures Second Phase of Private Equity Financing from Urban Investment Group at Goldman Sachs Alternatives to Expand Stormwater Infrastructure in Greater Milwaukee
CIS uses a unique ability to obtain funding from both private donors and cheap capital, using management controls to treat natural assets as traditional assets under management.
ANN ARBOR, Mich.–(BUSINESS WIRE)–CIS, the nation’s leading infrastructure developer, announced the deployment of the second tranche of private equity funds from its credit facility with the Urban Investment Group (UIG) at Goldman Sachs Alternatives. This funding will also enhance CIS’s ability to reduce stormwater runoff in the Greater Milwaukee region through a Community Based Partnership (CBP) with the Milwaukee Metropolitan Sewerage District (MMSD) called the Fresh Coast Protection Partnership (FCPP). Since the 1990s, MMSD has been using green infrastructure strategies to slow or capture water before it reaches landfills, filling gray infrastructure by increasing capacity. A variety of programs, partnerships, and policies have formed the basis of the MMSD’s 2035 vision, which targets a storage capacity of 740 million gallons. To date, MMSD has achieved over 100 million litres, with CIS accounting for over 10 per cent of that amount in the last five years alone.
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Located on the campus of Harley-Davidson’s (NYSE: ) headquarters on Milwaukee’s west side, Davidson Park has transformed what used to be a large employee parking lot into a neighborhood signature space that also has the functional use of capturing 225,000 gallons of stormwater after all. rain event. (Photo: Business Wire)
Investments will continue to support the construction of green infrastructure to manage a total of 11.5 million gallons of stormwater runoff, reducing local flooding and sewage overflows to support local communities. By addressing the environmental and health impacts associated with climate change, this program supports compliance with the EPA’s Clean Water Act while converting stormwater from a hazard to a resource. CBP will continue to prioritize projects in low- to moderate-income neighborhoods and empower small, local, and disadvantaged businesses to implement green stormwater infrastructure improvements. The FCP model protects taxpayers’ investment by assuming all risks throughout the development process from project inception to delivery.
CIS specializes in navigating public procurement, managing regulatory systems, planning, subcontractor negotiations, and risk management. The organization is also successful in identifying and evaluating private space for future projects in urban areas, creating win-win strategies for both private and public stakeholders. CIS helps lower barriers to entry for local workforce participation by engaging a diverse network of subcontractors and organizing them into an environmental program consistent with government environmental infrastructure best practices.
As of 2020, we have successfully delivered or are working to deliver eighteen green infrastructure projects across Milwaukee, 93% of which are located in private areas, approximately 50% are in low-to-moderate income areas, and 46% are job-owned. is led by local, small, women-owned, minority-, and veteran-owned businesses, said Sanjiv Sinha, Ph.D., CEO and CIS Board Member. Our ability to secure funding from both private donors and public funds, to use governance controls to treat natural assets as common assets under management is unique.
The Urban Investment Group (UIG) at Goldman Sachs Alternatives conducts the firm’s impact investments, delivering innovative financing to address pressing social and economic challenges and promote long-term growth in low- and middle-income communities. Since 2001, UIG has committed more than $21 billion in transformational projects, including one of the US’s first impact bonds and one of the largest public housing renewable energy projects.
We are proud to partner with CIS to bring much-needed infrastructure development to underserved communities, said Sherry Wang, Head of the Urban Investment Group at Goldman Sachs Alternatives. This will not only protect communities from natural hazards, it is also expected to drive job growth by hiring local workers.
The US Environmental Protection Agency (EPA) estimates that approximately 10 billion gallons of untreated rainwater enters US waterways every year. This flow carries sewage pollutants such as feces, garbage, and toxins, which contribute to environmental damage and endanger public health. CIS’s green infrastructure solutions mimic natural water processes, using soil and vegetation to capture, filter, cool, and reduce flooding while preventing pollutants from entering water bodies.
This commitment marks the second installment from UIG to finance CIS’s environmentally friendly stormwater infrastructure projects across the country. Consistent with CIS and UIG’s commitment to underserved communities, at least 50% of projects will be in low- to moderate-income areas and all programs funded by the agency will continue to focus on high participation from youth, minorities and women. businesses. More details can be found here:
About CIS
CIS is a national leader in the development and implementation of public infrastructure solutions, focused on improving the environmental, economic, and social status of the nation’s infrastructure through solutions that drive local economic inclusion and equity, reduce public risk, and increase public investment and income. CIS also provides consulting-related information and services on topics including nature-based solutions, climate resilience, disaster prevention, environmental equity/justice, green stormwater infrastructure, environmental finance, water availability, and public trust. For more information, please visit www.cisolutions.com.
About the Urban Investment Group (UIG) at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the world’s leading alternative investors, with more than $500 billion in assets and more than 30 years of experience. The firm invests heavily in alternatives including private equity, growth equity, private debt, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through specific strategies, customized partnerships, and open architecture systems. The business is driven by a focus on collaboration and sharing success with its customers, seeking to bring long-term investment performance to its global network and deep expertise in all industries and markets. The unique investment platform is part of Goldman Sachs Asset Management, which delivers investment services and advice across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has more than $3.1 trillion in assets under management globally as of September 30, 2024.
Founded in 2001, UIG has committed more than $21 billion in loans and capital investments to revitalize and rebuild the urban fabric of underserved areas, investing in economic development projects and social enterprises across affordable housing, education, workforce development, small businesses, and sustainability.
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Media Contact:
Christine Nichols
Phone: 734-436-8173
info@cisolutions.com
Source: CIS
