CIS Secures Second Tranche of Private Financing from the Urban Investment Group at Goldman Sachs Alternatives to Expand Stormwater Infrastructure in Greater Milwaukee

CIS leverages its unique ability to access funding from both private sponsors and low-cost public capital, implementing governance controls to treat environmental assets as traditional managed assets.

ANN ARBOR, Mich.–( BUSINESS WIRE )–CIS, the nation’s leading flexible infrastructure developer, has announced the placement of a second tranche of private equity financing from Urban Investment Group (UIG) at Goldman Sachs Alternatives The funding will further enhance CIS’s capacity to mitigate stormwater runoff in the Greater Milwaukee region for Community Partnership (CBP) Milwaukee Metropolitan Sewerage. with the district (MMSD), called the Fresh Coast Protection Partnership (FCPP). Since the 1990s, MMSD has been implementing green infrastructure strategies to slow down or capture water before it reaches discharge points, supplementing gray infrastructure by increasing capacity programs, partnerships and policies formed the basis of MMSD’s 2035 Vision, which aims for 740 million gallons of storage capacity.So far, MMSD has achieved more than 100 million gallons, with CIS accounting for more than ten percent of that total in the last five years alone.

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The investment will continue to fund the construction of green infrastructure to manage a total of 11.5 million gallons of stormwater runoff, reducing localized flooding and sewer overflows to support local communities. Addressing the environmental and health impacts of climate change, this initiative supports compliance with the EPA Clean Water Act, while turn stormwater into a source of danger CBP will continue to prioritize low and moderate income to projects in neighborhoods and empowering small, local and disadvantaged businesses to implement green stormwater infrastructure improvements. The FCPP model protects taxpayer investment by assuming all risk throughout the development process from project inception to delivery.

CIS specializes in navigating public procurement, project control management, planning, subcontractor negotiations and risk management. The organization also excels in identifying and evaluating private property for future projects in the urban environment, creating winning strategies for both private and public. For stakeholders, CIS helps reduce barriers to entry for local workforce participation by engaging a diverse network of subcontractors and organizing them into an ecosystem that aligns with the government’s environmental to infrastructure best practices.

Since 2020, we have successfully completed or are working on eighteen different green infrastructure projects in Milwaukee, 93% of which are on private property, nearly 50% in low- and moderate-income areas, and 46% of which are project-led. is by local, small, women-, minority-, and veteran-owned businesses, said Sanjiv Sinha, Ph.D., CIS executive director and board member. Our ability to raise funding from both private sponsors and low-cost public capital while exercising management control to treat environmental assets as traditional managed assets is very unique.

Goldman Sachs Alternatives’ Urban Investment Group (UIG) promotes impact investing by providing innovative financing to address pressing social and economic challenges and drive long-term growth in low- and middle-income communities.Since 2001, UIG has more has committed more than $21 billion to transformative projects, including one of the first US social impact bonds and the largest green energy public housing retrofit.

We are proud to partner with CIS to upgrade infrastructure in disadvantaged communities, said Sherry Wang, co-head of the Urban Investment Group at Goldman Sachs Alternatives.This investment will not only protect communities from environmental hazards, but is expected to , that it will promote job growth by attracting the local workforce.

The U.S. Environmental Protection Agency (EPA) estimates that approximately 10 trillion gallons of untreated stormwater runoff enters U.S. waterways each year, carrying pollutants such as raw sewage, trash, and toxins that contribute to environmental degradation and endangerment. public health. CIS green infrastructure solutions mimic natural hydrological processes by using soil and vegetation to capture, filter, to cool and reduce flooding while preventing contaminants from entering the water supply.

This commitment marks UIG’s second tranche of funding for CIS’s clean stormwater infrastructure projects across the country.In line with CIS’s and UIG’s commitment to underserved communities, at least 50% of the projects will be in low- and middle-income neighborhoods, and the facility all programs funded by will continue to focus on high participation of small, minority and women-owned businesses; More details can be found here: https://www.cisolutions.com/project/fresh-coast-protection-partnership/.

About the CIS

CIS is a national leader in the development and implementation of public infrastructure solutions, focusing on improving the environmental, economic and social health of the nation’s infrastructure through solutions that promote local economic inclusion and equity, reduce public risk, and increase community investment and buy-in. CIS also offers relevant consulting expertise and services on topics including nature-based solutions, climate resilience, disaster prevention, environmental justice/justice, green stormwater infrastructure, environmental finance, water access and public trust www.cisolutions.com.

About 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 business invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate , infrastructure, hedge funds and sustainability. Customers access these solutions through direct strategies, tailored partnerships and open architecture programs focusing on joint success with clients, striving to deliver long-term investment performance based on its global network and deep expertise in sectors and markets. markets for the world’s leading institutions, financial advisors and individuals.Goldman Sachs has more than $3.1 trillion under management worldwide as of September 30, 2024. has assets.

Founded in 2001, UIG has provided more than $21 billion in loans and investment capital to revitalize and rebuild the urban fabric in disadvantaged neighborhoods, investing in economic development programs and social enterprises for affordable housing, education, workforce development, small business and sustainability.

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Media contact.
Christine Nichols
Phone: 734-436-8173
info@cisolutions.com

Source: CIS