Ferghana Investment Partners Closes Inaugural Investment in Global Water Infrastructure Technology Leader

NEW YORK — December 23rd, 2025 — Ferghana Investment Partners ("Ferghana"), an emerging investment platform focused on hybrid capital solutions for the middle market, announced the closing of its inaugural investment—a senior secured credit facility provided to a leading global technology company specializing in sustainable water infrastructure.

The company developed and patented a proprietary technology platform that enables the creation and maintenance of large-scale crystalline water features for residential, commercial, and industrial applications Its systems are designed to use a fraction of the energy and chemicals required by conventional alternatives of comparable scale, while operating in a closed circuit that significantly reduces water consumption. Founded over 15 years ago, the company licenses its intellectual property to real estate developers and industrial operators across dozens of countries. The business is supported by an extensive patent portfolio encompassing thousands of patents, trademarks, and copyrights.

The company operates an asset-light licensing model that generates contracted, recurring cash flows from design fees, multi-year royalty streams, and ongoing maintenance revenue. The business is founder-led, privately held, and headquartered in the United States.

The financing enables the company to refinance existing indebtedness andposition for its next phase of growth, including expansion into industrialcooling applications and continued international rollout. The transactionrepresents Ferghana's inaugural investment and reflects the firm's focus onbusinesses with defensible intellectual property, contracted cash flows, andstrong founder alignment.

"This investment exemplifies what we created Ferghana to do: provide flexible, structured capital to founder-led businesses with competitive advantages," said Hadley Ma, Founder and Managing Partner of Ferghana Investment Partners. "The company has built a differentiated technology platform, protected by an extensive IP portfolio, and we believe its contracted cashflows provide predictability and visibility. We're proud to partner with the founder as the business enters the next growth phase.

Ferghana's hybrid capital approach often combines downside protection through structured debt instruments with upside participation, offering founder-led businesses an alternative to just bank lending or control-oriented private equity. The firm targets businesses with capital needs in the $20 million to $150 million range across all sectors.