GREENBELT CAPITAL PARTNERS

Thesis

Greenbelt Capital Partners is a private equity firm established in 2021, headquartered in Austin, Texas, with an additional presence in New York. The firm focuses on control-oriented private equity investments across the energy transition spectrum, targeting companies that are driving the shift towards a more resilient, low-carbon, and electrified future. Their investment thesis centers on the "New Energy Economy," recognizing the transformative investment opportunities arising from the increasing demand for power due to modernization, mass electrification, and the deployment of AI infrastructure. They aim to partner with companies that can meet this evolving energy landscape with resilience, purpose, and innovation. The firm's core asset classes include power generation, renewable fuels, transmission infrastructure, and the industrial supply chains that support decarbonization. Greenbelt structures both platform acquisitions and growth equity investments in middle-market companies, often backing management teams executing buy-and-build strategies. Their strategy involves targeting control or co-control transactions, focusing on companies that bridge the gap between innovation and deployment. Greenbelt typically invests between $100 million and $250 million of equity per deal. Their geographic scope is primarily North America, with engagements spanning Texas, California, and the broader US energy corridor. As of June 2025, Greenbelt Capital Partners III L.P. closed at $1 billion, exceeding its initial target of $750 million. This brings the firm's total assets under management to approximately $2.5 billion.

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• Series C+ investors based in Austin, TX