NEW YORK–Capital Constellation, an investment platform overseen by Wafra Inc., has announced a significant strategic minority investment in Greenbelt Capital Partners. This Austin, TX-based private equity firm specializes in the burgeoning New Energy Economy, targeting sectors undergoing transformative changes in energy production and consumption.
Founded by seasoned industry experts Chris Manning and Glenn Jacobson, Greenbelt Capital Partners brings together a wealth of experience. Manning and Jacobson previously spearheaded the energy strategy at Trilantic Capital Partners North America and collaborated on energy investments at Lehman Brothers Merchant Banking. Their firm focuses on private equity, infrastructure development, and late-stage growth opportunities within the New Energy Economy, positioning them at the forefront of a critical global shift. Capital Constellation, backed by leading global institutional investors, provides crucial catalytic capital to growth-oriented investment management firms, making this partnership a powerful alignment of expertise and resources.
“The investment from Wafra and Constellation serves as a powerful validation of Greenbelt’s focused investment strategy. We are excited to collaborate with a team whose extensive experience and deep expertise will be invaluable as we enter our next growth phase,” stated Chris Manning, Managing Partner and CEO of Greenbelt Capital Partners. Glenn Jacobson, Managing Partner at Greenbelt, further emphasized the immense opportunity presented by the evolving energy landscape: “We believe the ongoing transformation within the energy sector represents a generational investment landscape for Greenbelt. This strategic partnership with Constellation will significantly accelerate our growth trajectory, enabling us to aggressively pursue key investment opportunities within the New Energy Economy.”
Lauren Rich, Managing Director at Wafra, highlighted the strategic rationale behind the investment, stating, “Effectively deploying private capital into the global energy transition demands a disciplined and thoughtful approach to achieve both financial and sustainable outcomes. We are confident that Chris, Glenn, and the entire Greenbelt Capital Partners team are ideally positioned to navigate the complexities of the energy transition and maximize value for their investors.” Adel Alderbas, Chief Investment Officer of Wafra, added, “Constellation’s core mission is to identify and partner with best-in-class, differentiated alternative asset management firms. In Greenbelt Capital Partners, we have found a specialized sector expert with a deeply experienced team and a shared vision for strategic partnership.”
Wafra received legal counsel from Gibson, Dunn & Crutcher LLP, while Kirkland & Ellis LLP served as legal advisor to Greenbelt Capital Partners in this transaction.
About Greenbelt Capital Partners
Greenbelt Capital Partners is a growth-focused middle-market private equity firm located in Austin, Texas. The firm strategically targets control and significant minority investments, spanning from late-stage growth equity to traditional private equity and infrastructure development projects. The senior leadership team at Greenbelt Capital Partners boasts a strong track record, having collectively committed approximately $5.5 billion of equity capital across various portfolio companies and successfully completed over $61 billion in M&A and financings, encompassing more than 220 transactions. For further details, please visit: www.greenbeltcapital.com.
About Wafra
Wafra is a prominent global alternative asset manager overseeing approximately $31 billion in assets under management. Wafra-advised funds have established 27 strategic partnerships with both emerging and established alternative asset managers. Wafra focuses on providing flexible, value-added capital solutions with a long-term perspective, aligning with and investing in high-caliber investment management teams. Headquartered in New York, Wafra, along with its affiliates, maintains additional offices in London, Kuwait, and Bermuda. Additional information is available at www.wafra.com.
About Capital Constellation
Capital Constellation, founded and advised by Wafra, is a collaborative asset owner platform created in partnership with a select group of leading institutional asset owners. This innovative venture brings together significant capital and expertise from premier global institutional investors. Capital Constellation employs a private equity strategy focused on providing growth capital to private alternative asset management firms. The platform believes that partnering with exceptional investment teams fosters aligned, substantial, and enduring benefits for both asset owners and asset managers. For more information, please visit: www.capitalconstellation.com.
Contacts
Katrina Allen
[email protected]
