Aqua Capital Management’s team has more than 30 years of experience in water rights investment and management and has completed more than 500 transactions in the water market.

David Penrice is chief executive officer of Aqua Capital Management LP.

David co-founded Aqua in 2006 and is a partner in the company. Prior to Aqua, David spent 23 years in the agriculture industry, including 17 years at ConAgra Foods, Inc. During his time at ConAgra, David held multiple leadership positions including executive vice president of ConAgra Trade Group, president of Soft Commodities and director of Water Resources. Penrice’s extensive 30-year business background includes experience managing physical water portfolios, physical and financial commodity risk, international and domestic commodity trading businesses and start-up operation expertise.

Mr. Penrice earned his Bachelor of Arts degree in business administration from Washington State University.

Craig Bush is managing director of Aqua Capital Management LP.

Craig co-founded Aqua in 2006 and is a partner in the company. Prior to Aqua, Craig spent 17 years in the agriculture industry and energy industry at ConAgra Foods, Inc. While at ConAgra, Craig held multiple leadership roles of increasing responsibility including vice president of Energy and Packaging and general manager of Energy and Water Management. Bush’s broad 23-year business background includes experience managing physical water portfolios, proprietary physical and financial commodity trading, financial price risk and physical procurement management and start-up operation expertise.

Mr. Bush earned his Bachelor of Science degree in agriculture economics from the University of Illinois at Urbana-Champaign.