A Greek passenger train collided head-on with a cargo train late on Tuesday, throwing entire carriages off the tracks and killing at least 36 people in the country's deadliest rail crash in living memory. In June, Brazos-backed wine distributor Winebow placed debt backing a merger with Vintner Group, a portfolio company of Brockway Moran & Partners. NEW YORK, March 26 (peHUB) - Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to. Contact: Mark Semer Kekst and Company (212). https://www.wsj.com/articles/DJFLBO0020140326ea3qoxq54. Not the case? Prior to CenterOak, Mr. Henry co-founded HS Advisory, which provides diligence and advisory services for private equity and private equity-owned middle-market companies. In an email, Mr. Salim said the firm didn't plan to raise another fund, but "we are fully engaged on a business-as-usual basis in evaluating investment opportunities, managing our portfolio and creating value for our investors. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Salim wouldnt go into detail but said some partners are in talks to start up their own ventures or join new firms. Only logged in subscribers of this site will be able to access the shared article. A verification email is on its way to you. This copy is for your personal, non-commercial use only. At Brazos, Fojtasek managed $1.4 billion of private equity capital across three funds and oversaw the deployment of over $2.5 billion in transaction value. March 29-30, 2023 Cielo Wind Power LP (Cielo Wind) is a wind power project development company. Founded in 2002 through a spin out of a portfolio of private equity investments from Deutsche Bank, Colonnade acts as a GP of funds, and a replacement GP or Co-GP on third party originated private . Market Intelligence March 29-30, 2023 Convene, 117 W 46th St, New York, April 19-20, 2023 Convene, 117 W 46th St, New York, May 17-18, 2023 Hilton Tower Bridge, London, May 23-24, 2023 Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. Convene, 117 W 46th St, New York, April 19-20, 2023 Green Mountain Energy Company (GMEC), a subsidiary of NRG Energy Inc, is a renewable energy company that offers carbon offset solutions. Convene, 117 W 46th St, New York, May 23-24, 2023 Theyre still going to manage the portfolio companies at Brazos through the entire lifecycle, said Megan Griffin at BackBay Communications. Cielo Wind is headquartered in Austin, Texas, the US. Market Data . Heres an excerpt: Most funds take 12 years or more to fully liquidate. Phone Number (214) 756-6500. Dallas-based CenterOak Partners is targeting buyouts and recapitalizations in the U.S. industrial growth, consumer, and business services sectors, with a particular focus on southern and southwestern companies. It generates and supplies electricity. Click here. In March, peHub reported that Brazos Private Equity Partners would split and raise separate funds in an amicable departure of partners that also included Jeff Fronterhouse and Patrick McGee. Please check your spam or junk folder just in case All power projects included in this report are drawn from GlobalDatas Power Intelligence Center. Over the past ten years, Brazos has compiled a strong track record of distribution investments that have created significant value for our investors. Brazos has been one of the most active middle-market private equity investment firms, having completed in excess of 80 transactions over the past decade. A senior team from Brazos Private Equity Partners, a private equity firm that is winding down, today unveiled plans to set up a new firm targeting control investments of middle market companies. A link has been emailed to you - check your inbox. Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and general counsel. Register now to read this article and more for free. A link has been emailed to you - check your inbox. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. The project supplies enough clean energy to power 48,000 households, offsetting 144,000t of carbon dioxide emissions (CO2) a year. See here for a complete list of exchanges and delays. Click here. That said, Salim said right now the priority is finishing the deployment of Fund III, the investment period of which ends in July. A limited partner told peHUB that the team was splitting and raising separate funds. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. OEGs site selection services comprise proximity to transmission lines, state, local, and federal permitting requirements, specific terrain of the property, and environmental aspects of the site. As the cofounder and former co-CEO of Brazos Private Equity Partners, Fronterhouse led Brazos' 2011 investment in Vision Source through its sale to Essilor USA in late 2015. The New York pension fund has done far better in the debut fund, realizing an investment multiple of 1.8x on its $39.4 million investment as of the same date. Proxy Disclosure & 20th Annual Executive Compensation Conferences, Cross-Border: Key Trends Driving Global M&A, SPACs Seek Relief for Defective de-SPAC Charter Amendments, Antitrust: The FTC Wants More Time for Merger Reviews, 8911 N Capital of TX Hwy, Suite 4200-110, Austin, TX 78759. Target companies generally have growing free cash-flow, sustainable competitive advantages, and a leading market position. Patrick OHara, who was managing director of investor relations, left the firm last year after only two years in the role. Brazos Private Equity Partners is a Dallas-based private equity firm that has managed investment funds with approximately $1.4 billion of equity capital since inception. Prior to RCG, he was a senior investment professional at Brazos Private Equity Partners and served as a Managing Director and led the business development activities of the firm. The companys services include renewable energy resource assessment, site identification, energy output projections, environmental assessment, negotiating turnkey construction service contracts, and site design and site layout optimization services. Only logged in subscribers of this site will be able to access the shared article. NRG is headquartered in Princeton, New Jersey, the US. wa.src = 'https://d10lpsik1i8c69.cloudfront.net/w.js'; NRG sells energy, services and associated products and services to retail customers under the NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy. Patent activity related to artificial intelligence decreased by 43% in the power industry in Q3 2022, A tale of two COPs: Connecting climate and biodiversity, Floating wind: Time to turn expertise into action in deeper waters. ", About Brazos Private Equity Partners, LLC. The company supplies a comprehensive product portfolio of over 140,000 branded and private label products sourced from over 600 vendors to over 11,000 independent distributors in multiple sectors; including, industrial, janitorial/sanitation, MRO, safety, construction, electrical, rental, welding, and oilfield services. 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Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed 54 acquisitions, including 20 platform investments. Brazos Private Equity Partners, LLC operates as a private equity firm. esgSubNav, Discover more about S&P Globals offerings, Global Economies in Flux: Drive Decisions with the Purchasing Managers Index (PMI) Data, The Natural Language Processing (NLP) Revolution and ChatGPT: An Introduction to the field, our latest research, and how Kensho is empowering businesses to make the most of these technologies, 10:00 - 11:00 am EST | 4:00 - 5:00 pm CET, Long Beach Convention & Entertainment Center. var wa = document.createElement('script'); wa.type = 'text/javascript'; wa.async = true; The company offers comprehensive line of residential/commercial roofing products and accessories as well as insulation, siding, windows, doors and other building materials. Brazos II closed in 2005 with commitments of $400 million. Many cases likely involve straggler investments and not . It also says that capital calls are cyclical, while distributions tend to be counter-cyclical. Brazos focuses on investments in leading middle-market consumer, healthcare, commercial & indus Read More Contact Who is Brazos Private Equity Partners Headquarters You should only be asked to sign in once. This copy is for your personal, non-commercial use only. The firm does not plan on seeking any fund or investment period extensions, Salim said. This copy is for your personal, non-commercial use only. Not the case? Friday, May 20, 2022. Brazos Wind Ranch is a 160MW onshore wind power project. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. Margaret Dipp Abby Latour, latest-news-headlines Below is a brief overview of these investments. Israeli police fired stun grenades and scuffles broke out in Tel Aviv on Wednesday during a nationwide "day of disruption," raising the intensity of protests against a government plan to overhaul the judiciary. It is located in Texas, the US. Fund III was generating an 11.6 percent net IRR and a 1.3x investment multiple as of June 30, 2013 for backer California Public Employees Retirement System. Power industry news, data and in-depth articles on the global trends driving power generation, renewables and innovation. At least one partner will launch a new, separate fund this year, but will split time between Brazos Private Equity and the new venture, he said. Enter your email address and gain instant access to this article. Environment Sustainability in Power: Offshore Wind Farms. He will lead the firm alongside former Brazos. Last week, Brazos announced the close of a dividend recapitalization of optometrist and dentist supplier Vision Source with financing from Golub Capital. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022, Whos innovating where? The project was developed by Cielo Wind Power, Green Mountain Energy, NRG Energy and Orion Energy Group. The . . Prior to Brinkmere, he served as a managing director of Brazos Private Equity Partners, LLC, a Dallas-based institutional private equity firm with approximately $1.4 billion of capital under management. Access to real-time, reference, and non-real time data in the cloud to power your enterprise. Click here. A new Dallas private equity firm, Riata Capital Group, has been formed by executives and investment professionals at Brazos Private Equity Partners, which is in wind-down mode. It was a timely moment for the partners to pursue other business opportunities.. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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