San Francisco, California – October 21, 2020 – ERA Partners LLC (“ERA”), a San Francisco-based investment firm, completed the final closing of ERA Cold Storage Fund LP in September 2020 at its hard cap with limited partner commitments totaling $125 million.

Matt Carbone, an ERA founding member and Managing Partner, said, “Since inception, we have desired long-term investors.  We are grateful and humbled to have exceptional partners who support our mission of investing in asset-rich operating businesses that provide essential services.” 

ERA’s diversified range of blue-chip institutional investors includes a university endowment, public pension plan, single and multi-family offices, insurance companies and other institutional investors with deep experience partnering with infrastructure managers.

ERA established ERA Cold Storage Fund LP, a single asset vehicle, to invest in Agile Cold Storage LLC (“Agile”).  ERA and Continental Grain Company, in partnership with industry veteran Don Schoenl, launched Agile in December 2019.  Members of ERA’s team previously worked with Don to build Nordic Cold Storage LLC into a leading, North American temperature-controlled warehousing provider with industry-leading service.

Agile is developing a nationwide network of automated and conventional temperature-controlled warehouses.  Agile partners with North American food manufacturers, processers and growers in need of temperature-controlled warehouses, bringing proven technologies and flexible problem-solving to address their supply chain challenges at lower cost and with better service. 

AIMPERA Capital Partners rebranded to ERA Partners in October 2024 to better reflect our firm’s identity, investment focus, and value-creation process. References to prior names in the original press release have been updated to current names.