GREENBELT CAPITAL PARTNERS other names

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Adviser Profile

As of Date:

05/14/2024

Adviser Type:

- Large advisory firm


Number of Employees:

25 -3.85%

of those in investment advisory functions:

11 10.00%


Registration:

SEC, Approved, 7/25/2022

AUM:

1,373,800,000 125.14%

of that, discretionary:

1,373,800,000 125.14%

Private Fund GAV:

1,373,900,000 125.16%

Avg Account Size:

228,966,667 50.09%


SMA’s:

NO

Private Funds:

6 2

Contact Info

512 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
610M 523M 436M 349M 262M 174M 87M
2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Private Equity Fund 6 $1,373,900,000

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Private Funds



Employees




Brochure Summary

Overview

Greenbelt is an independent private equity firm with a principal place of business in Austin, Texas, and an additional office in New York, New York. Greenbelt’s advisory business is conducted through both offices. Greenbelt’s strategy is to make control or significant minority equity and equity-oriented investments primarily in middle-market companies with the objective of achieving appropriate risk-adjusted returns. Greenbelt focuses primarily on investing in companies in the energy sector, with a focus on the energy transition sector, in which Greenbelt’s investment team has significant resources and expertise, within the buyout/growth capital private equity asset class. Greenbelt manages its Clients on a discretionary basis. As December 31, 2023, Greenbelt manages $1.37 billion of regulatory assets under management across its Clients, and the Greenbelt senior team has deployed approximately $6.5 billion in equity capital commitments across 36 platform companies.1 Greenbelt was formed under the laws of the State of Delaware on July 26, 2021, as a limited partnership, and commenced operations on January 1, 2022. Greenbelt’s principal owner is Christopher R. Manning (Managing Partner and CEO). In addition to Christopher R. Manning, the other Partners of Greenbelt provide advice and guidance on the Energy and Energy Transition sectors in which Greenbelt Clients invest. These Partners include Glenn Jacobson (Managing Partner), Andy Hopping and Christopher Murphy. 1 Investment history reflects investments sourced, led and/or monitored by Greenbelt team members while within Trilantic Capital Management L.P. (“TCM”) and Lehman Brothers Private Equity Advisers L.L.C. (“Lehman Brothers”) since 1998, and includes capital committed by investment funds managed by TCM or Lehman Brothers, and syndicated capital. Prior to January 1, 2022, Christopher R. Manning was a Managing Partner of Trilantic Capital Management L.P. (“TCM”), and through the date hereof, Chris remains a senior advisor to TCM and Chairman of Trilantic Energy Partners, the investment arm of TCM that invested in the energy and energy transition sectors. Mr. Hopping, Mr. Jacobson and Mr. Murphy also stepped down from their employment positions at TCM, but also remained senior advisors to TCM with respect to energy and energy transition sectors. As senior advisors, Messrs. Manning, Jacobson, Hopping and Murphy continue to monitor energy sector investments of TCM-sponsored funds. The Firm also continues to rely on certain aspects of Trilantic’ s “back office” and “middle office” infrastructure. Accordingly certain TCM employees are advisors and associated persons of the Firm. Greenbelt’s clients include and are expected to include private equity funds that make private equity investments primarily in North America and make control and significant minority private equity investments in energy related companies in North America. Greenbelt currently serves as the investment manager to Greenbelt Capital Partners TRP L.P. (“TRP CV”), Greenbelt Capital Partners Unirac L.P. (“Unirac Co-Invest”) and Greenbelt Capital Partners Intersect L.P. (“Intersect Co-Invest”), Greenbelt Capital Partners Saber L.P. (“Saber”), Greenbelt Capital Partners III-A L.P. and its parallel funds (“GBCP III” and together with any future private investment funds to which Greenbelt or its affiliates provide investment advisory services, the “Clients”). Greenbelt formulates the investment objective for each Client, directs and manages the investment and reinvestment
of each Client’s assets, and provides periodic reports to investors in each Client, in accordance with each Client’s governing documents. Investment advice is provided directly to each Client, and not individually to the investors of the Clients. Greenbelt manages the assets of each Client in accordance with the terms of the governing documents applicable to each Client. Investors in Clients (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program for the applicable Client, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the governing documents; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between Greenbelt and any investor. Greenbelt originates and recommends investment opportunities for Clients, identifies sources of capital for prospective and existing portfolio investments, structures, monitors and evaluates portfolio investments, recommends the manner and timing of dispositions of portfolio investments and provides certain other services (including certain administrative services necessary for the operation of Clients) related thereto. Specifically, Greenbelt generally expects to render the following services in connection with a Client’s investment programs:  analysis and investigation of potential portfolio companies, including their business, operations, management, financial condition, competitive position and prospects for future performance;  analysis and investigation of potential dispositions of portfolio investments, including identification of potential acquirers and evaluation of offers made by such potential acquirers;  structuring of acquisitions and dispositions of portfolio investments;  identification and arranging of sources of capital and other financing for portfolio investments and portfolio companies;  supervision of the preparation and review of all documents required in connection with the acquisition, disposition or financing of each portfolio investment; and  monitoring of the performance of portfolio companies and, where appropriate, providing advice to the management of the portfolio companies during the life of a portfolio investment. Services to other Clients can vary, and have varied, from the services noted above based on the investment objectives of such Client. For example, a Client may be (and certain Clients have been (including current Clients), and will be) formed for a specific portfolio investment, in which case, Greenbelt will not provide additional investment opportunities to such Client, but will provide other services noted above in connection with the portfolio company held by such Client. In addition to the services of its own staff, Greenbelt arranges for and coordinates the services of other professionals and consultants. Greenbelt can engage one or more sub-advisors (including any affiliate) to perform investment advisory and investment management services to Clients. In addition, as noted above, through a transition services agreement between Greenbelt and TCM, Greenbelt has engaged certain TCM employees to provide certain “back office” and “middle office” services to Greenbelt and its Clients; however, TCM does not provide investment advisory services to Greenbelt or its Clients. This brochure does not constitute an offer to sell or solicitation of an offer to buy any securities.