Greenbelt Capital Closes $1B Fund For Energy Shift

Texas-based Greenbelt Capital Partners, a private equity company that concentrates on energy and infrastructure change, has reached the hard limit of $1 billion for its first fund, Greenbelt Capital Partners III L.P., according to the latest announcement. The milestone exceeds the fund's initial goal of $750 million, indicating strong investor confidence in Greenbelt's approach and leadership as the company establishes itself as a leader in a generational change in the world energy market.

Headquartered in Austin, Greenbelt Capital was founded in 2022 by seasoned investors Chris Manning and Glenn Jacobson, who have collaborated for over 20 years. Their track record includes the successful distribution of more than $6 billion in equity capital. Greenbelt is now actively directing investments into firms that are well-positioned to influence the future of power, energy, and infrastructure systems, with $2.5 billion in assets under management since the conclusion of Fund III.

Institutional investors from all over the world made commitments to the fund. These are pension funds, insurance firms, sovereign wealth funds, and charitable organizations with operations in the Asia-Pacific area, Europe, and North America. The increasing worldwide desire for sustainable, high-return investment possibilities that promote energy transition and infrastructure resilience is reflected in this varied investor base.

The significance of the milestone was emphasized by Chris Manning, CEO and Managing Partner of Greenbelt, who also noted the alignment between the company's long-term plan and the values of its investor base. "We are pleased to have put together a top-notch group of investors who share our long-term perspective and dedication to creating companies that are not just commercially successful but also essential to the future of energy and infrastructure," Manning said.

The firm's plan focuses on making investments in businesses that are at the nexus of a number of high-impact industries, such as digital infrastructure, industrial electrification, energy efficiency, and grid modernization. By concentrating on these sectors, Greenbelt hopes to act as a catalyst in the current shift towards a low-carbon, digitally integrated, and more resilient energy economy.

The firm's strategy, according to Glenn Jacobson, who serves as managing partner alongside Manning, is one that is highly sensitive to long-term macro trends. "Our team is at the front end of what we believe is a generational investment opportunity," said Jacobson. "We aim to help drive a carbon competitive and sustainable future by backing strong commercial leaders who are shaping the next era of innovation and economic growth."

Greenbelt's position is consistent with larger industry trends as governments and private businesses throughout the world step up their efforts to modernize energy infrastructure and lower carbon emissions. The company's investment thesis focuses on increasing demand for capital in industries such as clean power, distributed energy resources, electric vehicle charging infrastructure, and energy storage, among others.

With a number of transactions currently being evaluated actively, Fund III has already started investing funds into portfolio firms. Although the precise investments have not yet been revealed, the company has indicated that it will give priority to opportunities that integrate technological breakthroughs with scalable business models and measurable environmental effects.

The growth of Greenbelt occurs at a critical moment for investment in energy and infrastructure. Private capital is increasingly seen as a crucial force behind innovation and growth as the urgency to decarbonize the economy and strengthen aging infrastructure systems increases. The fact that Greenbelt has surpassed its fundraising goal indicates that the market has a lot of faith in the company's leadership, investment expertise, and thematic orientation.

Kirkland & Ellis, a firm with extensive expertise in the creation of private equity funds, provided legal advice, and Threadmark acted as the fundraise's worldwide placement agent, assisting in obtaining pledges from institutional investors across the globe.

Greenbelt is establishing itself as a strategic partner to businesses developing the infrastructure of the future, not just as a source of finance, as it continues to grow its portfolio and look for new prospects. Greenbelt Capital Partners is positioned to have a major impact on the future of energy and infrastructure solutions thanks to its seasoned leadership, well-defined investment thesis, and expanding asset base.