River1 Launches BUIL, the Rebuild America ETF, Bringing Builder-Informed Investing Rooted in one of the largest privately held infrastructure companies in the U.S.

River1 Asset Management LLC (River1) today announced the launch of the Rebuild America ETF (Cboe BZX: BUIL), an actively managed exchange-traded fund designed to invest in the companies helping meet the growing physical infrastructure buildout of the United States.

BUIL launches as a major new investment cycle takes shape across American power generation and transmission, manufacturing, construction and materials. Utilities are planning approximately $1.4 trillion in electricity infrastructure investment through 2030, according to the Edison Electric Institute, while the Electric Power Research Institute projects that data centers could account for 9% to 17% of U.S. electricity consumption by 2030, compared with roughly 4% to 5% today. Reshoring and renewed domestic manufacturing investment are adding further demand for power, materials and construction capacity.

Launched by River1 following the 2024 debut of the Trenchless Fund ETF (NYSE Arca: RVER), BUIL is designed to give investors liquid public-market exposure to that multi-year investment cycle, through a concentrated portfolio rather than a broad infrastructure index. River1 expects the strategy to span companies involved in areas including energy and power, electrical-grid infrastructure, construction, materials and data-center infrastructure.

River1 was established by principals associated with the Michels family office and draws upon decades of experience investing in and studying infrastructure-related industries. That background contributes to River1's long-term understanding of infrastructure markets and industry trends. River1's investment team combines traditional fundamental research with extensive experience analyzing infrastructure-related industries and markets. Tony Tagliapietra, CEO, and Rob Haugen, CIO respectively of River1, and BUIL portfolio managers, each bring more than 25 years of investment experience including work with major hedge funds and mutual funds. Their approach combines traditional fundamental analysis with insights drawn from an infrastructure ecosystem that sees the buildout happening in real time. BUIL was developed to bring those two disciplines together in a concentrated, actively managed public-market portfolio.

That research approach is already revealing significant insights to the multi-year lead times for natural gas turbines, shortages of low-voltage wire and increasing pressure on U.S. electrical-grid capacity as examples of the real-world signals that can help shape the portfolio. River1 evaluates investment themes by comparing market expectations against publicly available industry data, company disclosures, and broader infrastructure trends.

The fund will hold approximately 15 to 25 publicly traded companies selected through fundamental analysis of cash flow, growth, valuation and margin durabilit...