WaterBridge, that develops, owns and operates permanent, integrated water infrastructure networks, has raised $345m of equity capital through the issuance of $195m of common equity to funds affiliated with Five Point Energy, an affiliate of GIC and WaterBridge management, as well as $150m of preferred equity to Magnetar Capital, a alternative asset manager. “Our ability to raise attractive capital in a challenging market is a clear reflection of our team’s success in building the premier produced water handling network in one of the most economic and de-risked basins available to producers. The capacity and redundancy offered by our system will continue to be instrumental in supporting current and future customers’ growing development programs in the Southern Delaware Basin,” David Capobianco, Five Point Energy CEO and Managing Partner and WaterBridge Chairman.