– Greenbelt Capital Management L.P. (“Greenbelt Capital Partners” or “Greenbelt”) is a private equity firm based in Austin, Texas.
– The firm focuses on investing in middle-market companies advancing the energy and power transition toward a resilient, carbon-competitive, and electrified future.
– Final close of its inaugural fund, Greenbelt Capital Partners III L.P. (“Fund III”), was announced at $1 billion, surpassing its initial $750 million target and closing at its hard cap.
– The Fund attracted a diverse group of new and existing institutional investors including pension funds, sovereign wealth funds, insurance companies, and foundations from North America, Europe, and Asia-Pacific.
– Founded in 2022, Greenbelt is led by Chris Manning, CEO and Managing Partner and Glenn Jacobson, Managing Partner, who have over two decades of collaboration and have deployed over $6 billion of equity capital together.
– Greenbelt applies deep industry expertise, a collaborative culture, and a value-driven approach to invest in the transformation of energy, power, and infrastructure.
– Manning emphasized their investors’ alignment with Greenbelt’s long-term vision and commitment to building commercially excellent, future-critical businesses.
– Jacobson highlighted the firm’s position at the intersection of major megatrends: grid modernization, power generation, digital infrastructure, industrial electrification, and energy efficiency.
– The firm views this as a generational investment opportunity to drive a carbon-competitive and sustainable future.
– The final close brings total assets under management (AUM) to approximately $2.5 billion.
– Greenbelt has already begun deploying capital into multiple portfolio companies and has a robust pipeline of investment opportunities.
