Conifer Infrastructure Closes Debut Fund at $900M Hard Cap

Conifer Infrastructure Partners has closed its inaugural investment vehicle, Conifer Infrastructure Partners I, LP, at its $900 million hard cap, exceeding its initial $500 million target and completing fundraising in less than five months.

The fund will invest in infrastructure platforms focused on the energy and critical materials sectors, areas Conifer believes are poised to benefit from growing demand tied to energy security, industrial reshoring and supply chain resilience.

Conifer said its investment strategy centers on building and operating businesses through standardized design principles, direct operational involvement and in-house execution capabilities, allowing the firm to take an active role in scaling portfolio companies.

The fund attracted commitments from a diverse group of institutional investors, including endowments, foundations, public pension plans, insurance companies and family offices. Conifer also said the fund is supported by a significant general partner commitment.

“We are honored and grateful for the trust and overwhelming support from an exceptional group of investment partners,” said Nick Stork, CEO and managing partner of Conifer Infrastructure Partners.

Stork brings a long track record in energy and infrastructure investing. He founded renewable natural gas producer Archaea Energy and grew it into the largest RNG producer in the United States before its $4.1 billion sale to BP in 2022. Earlier in his career, he co-founded waste services company Noble Environmental and held investment roles at Baleen Capital Management and Three Rivers Natural Resources.

Probitas Partners served as the fund’s exclusive placement advisor, while Latham & Watkins LLP acted as fund counsel.