Aquivest operates a traditional master-feeder fund structure designed for tax efficiency across U.S. taxable, U.S. tax-exempt, and non-U.S. investors. The inaugural vehicle is Aquivest Water Fund I, LP, with a Cayman feeder for non-U.S. and U.S. tax-exempt capital. The General Partner is a Delaware limited liability company. The platform investment adviser, Aquivest Management, LLC, is a U.S. Securities and Exchange Commission registered investment adviser.

Aquivest Water Fund I

Master Fund

• Aquivest Water Fund I, LP (Delaware limited partnership)

Offshore Feeder

• Aquivest Water Fund I (Cayman), LP (non-U.S. and U.S. tax-exempt)

General Partner

• Aquivest Water Fund I GP, LLC (Delaware)

Investment Adviser

• Aquivest Management, LLC (SEC-Registered Investment Adviser)

Initial Capital

• $1.0 billion

Management Fee

• 2.0 percent on committed capital

Carried Interest

• 20 percent with European waterfall

Preferred Return

• 8 percent compounded

Term

• Long-horizon; defined extension mechanics consistent with asset duration

Eligible Investors

• Sovereign, pension, endowment, insurance, and qualified family-office capital