Billion-dollar Energy Transition Fund filled by Greenbelt Capital investments
Greenbelt Capital Partners III, a fund focused on investing in middle-market companies advancing the energy transition, has announced a significant investment in BRUSH Group, a UK-based power infrastructure solutions provider.
BRUSH Group, with roots dating back to 1879, specializes in transformers, electrical switchgear, and engineering services that are crucial for enhancing grid resilience and supporting the transition to net-zero emissions. Operating across the UK and Italy, the company generates around £150 million in annual revenue and has expanded its service capabilities and footprint through multiple acquisitions, positioning itself strongly in the electrification and decarbonization sectors.
The investment by Greenbelt Capital Partners III aims to support BRUSH Group's growth as it meets the increasing demands for grid infrastructure upgrades and renewable energy integration.
Greenbelt Capital Partners, founded in 2022, operates at the intersection of several defining megatrends, including grid modernization, power generation, digital infrastructure, industrial electrification, and energy efficiency. The fund continues to evaluate a robust pipeline of opportunities, shaping a lower-carbon, more resilient energy landscape.
Fund III, which surpassed its initial target of $750 million, has begun deploying capital into several portfolio companies. The close of Fund III brings Greenbelt's total assets under management to approximately $2.5 billion. This fund attracted backing from a global pool of institutional investors, including insurance firms, foundations, pension funds, and sovereign wealth funds across North America, Europe, and Asia-Pacific.
Chris Manning and Glenn Jacobson lead Greenbelt Capital Partners. Manning, the CEO and Managing Partner, oversees the firm's value-driven investment model and collaborative approach, which aims to scale commercial leaders in the sectors of transportation electrification, renewable and distributed generation, energy efficiency, energy storage, digitalization, sustainable fuels development, grid modernization, and traditional energy sustainability and decarbonization.
Greenbelt's typical target investment size ranges from $50 million to $150 million, across investment types including private equity, late-stage, and infrastructure development. The fund aims to capitalize on long-term secular shifts within the energy and infrastructure sectors.
This investment in BRUSH Group is a testament to Greenbelt Capital Partners' commitment to supporting companies driving the energy transition, and it marks the beginning of deploying capital from Fund III into its portfolio companies. As the world moves towards a more sustainable energy future, Greenbelt Capital Partners is poised to play a significant role in this transformation.
- Greenbelt Capital Partners III, with a focus on companies driving the energy transition, has invested significantly in BRUSH Group, as the company's service capabilities and growth align with the fund's mission to support decarbonization efforts.
- Aiming to capitalize on shifts within the energy and infrastructure sectors towards a more sustainable future, Greenbelt Capital Partners' investment in BRUSH Group, a key player in electrification and decarbonization, exemplifies the fund's role in shaping a lower-carbon, more resilient energy landscape.
