Access to real-time, reference, and non-real time data in the cloud to power your enterprise. Power industry news, data and in-depth articles on the global trends driving power generation, renewables and innovation. NXT Capital has announced it provided a $96 million senior secured credit facility to support the refinancing of BlackHawk Industrial, a portfolio company of the winding down Brazos Private Equity Partners.The transaction also included BlackHawk Industrial's acquisition of Packaging Incorporated, a distributor of packaging, fastening and strapping tools, machinery and consumables. 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. Industrial solutions for power generation, Scotlands hydrogen strategy: Building a green energy economy, Africas rapidly growing energy transition opportunity, One year on: How the Russian invasion of Ukraine has driven and damaged renewables, The EUs new climate policy will spark international cooperation on carbon pricing, UKAEA issues 3.1m of fusion contracts for commercial development, First Solar to supply solar modules to Lightsource BP in US, Engie selects Ecoppia to clean 181MWac solar project in Chile, Electric Process Heaters Help Decarbonise Petrochemical Refining, Whos acquiring who? This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Senior team from Brazos forms new middle market PE firm, Fed rally & default fears bring bifurcation back to leveraged loans, Loan Downgrades Are the Biggest Concern for the European CLO Market, Industry-Specific Losses Stand Out In Leveraged Loan Market As COVID-19, Oil Fears Globalize, Europes Leveraged Loan Issuers Draw on Revolving Credits to Preserve Liquidity. Target companies generally have growing free cash-flow, sustainable competitive advantages, and a leading market position. Only logged in subscribers of this site will be able to access the shared article. Brazos has a long runway ahead of it. Patrick OHara, who was managing director of investor relations, left the firm last year after only two years in the role. 214-756-6509. Last week, Brazos announced the close of a dividend recapitalization of optometrist and dentist supplier Vision Source with financing from Golub Capital. The company provided 160 units of MWT62/1.0 (MWT-1000A) turbines, each with 1MW nameplate capacity. Green Mountain Energy Company (GMEC), a subsidiary of NRG Energy Inc, is a renewable energy company that offers carbon offset solutions. 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. Jeff Fronterhouse, co-chief executive of Brazos, and Barron Fletcher, managing partner of another Dallas-based firm, Parallel Investment Partners, will lead the newly launched 17-person firm, a Riata Capital spokesman told LBO Wire. 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 Michael Salim, partner and general counsel. /marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/senior-team-from-brazos-forms-new-middle-market-pe-firm Brazos focuses on investments in leading middle-market consumer, healthcare, commercial & indus Read More Contact Who is Brazos Private Equity Partners Headquarters Brazos Private Equity Is Winding Down By Hillary Canada March 26, 2014 8:43 pm ET Text Brazos Private Equity Partners, the Dallas firm behind such buyouts as Cheddar's Restaurants,. 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. Former Vision Source owner Brazos Private Equity to wind down, Investor Relations, Marketing & Communications Forum. The company produces electricity using coal, natural gas, nuclear, oil, biomass, wind and solar sources. here to register, Not for publication, email or dissemination, PSG targets $6.5bn for next growth flagship, HarbourVest, Neuberger, AlpInvest lead Madison Dearborn three-asset secondary, Second Alpha raises $170m for fifth secondaries PE fund, KKR is expected to launch next flagship fund later this year: adviser, College endowments favor private equity, venture capital in portfolios, Target-hitting a bright spot in 2022s private equity fundraising, As fundraising slows, LPs push back on misaligned fund terms, Successful private equity GPs not in this for the fee income: Carl Thoma. You should only be asked to sign in once. Mar 27, 2014 * Vintage 2008 fund was $715 mln . var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(wa, s); To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. See here for a complete list of exchanges and delays. Click 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. Convene, 117 W 46th St, New York, April 19-20, 2023 Heres an excerpt: Most funds take 12 years or more to fully liquidate. Dec 2 2020. And Russell Beard, a managing director, left the firm in 2012 after eight years. NRG Energy and TXU Energy Retail are the power offtakers from the project. Brazos Private Equity Partners, LLC operates as a private equity firm. You should only be asked to sign in once. Screen for heightened risk individuals and entities globally to help uncover hidden risks in business relationships and human networks, Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology, The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs, The industry leader for online information for tax, accounting and finance professionals, France's longest river dries up amid winter drought, Israelis launch 'Day of Disruption' against judicial overhaul, Harry and Meghan: Their life together in photos, In pictures: Two trains collide in Greece, Grim aftermath of deadly migrant shipwreck off Italy, Battle for Bakhmut: Scenes from the frontlines, Style and celebrities at Milan Fashion Week, South Korea marks anniversary of protest movement against Japanese colonial rule. The firm has raised three funds since its inception: Along with the 2008 Fund III, Fund I is a 2000 vintage vehicle that raised $250 million; Fund II is a $400 million, 2005 vintage vehicle. NRG sells energy, services and associated products and services to retail customers under the NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy. 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. The company was sold in December 2007 to United Stationers (Nasdaq:USTR). Margaret Dipp Shelter Distribution focuses primarily on retrofit and residential markets. Market Intelligence A link has been emailed to you - check your inbox. Salim declined to comment on their performance. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. M&A activity related to environmental sustainability increased by 22% in the power industry in Q3 2022, Whos acquiring who? Winding up a private equity fund. 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. Only logged in subscribers of this site will be able to access the shared article. 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. 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. Friday, May 20, 2022. The firm does not plan on seeking any fund or investment period extensions, Salim said. March 29-30, 2023 Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. We have just sent you an email so you can verify your account. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. })(); Most limited partners are well aware that PE funds are quick to make capital calls, but much slower to pull the trigger on distributions. You should only be asked to sign in once. A re-enactment of the March First Independence Movement was held honoring the national holiday and 1919 demonstrations that called for independence from Japan. All quotes delayed a minimum of 15 minutes. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. It was a timely moment for the partners to pursue other business opportunities.. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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 . Shelter Distribution, Inc.is one of the largest wholesale distributors of roofing products and related accessories in the Midwest/Southwest U.S. It all needs to add up: what makes a credible corporate climate pledge? Environment Sustainability in Power: Offshore Wind Turbines Wind Power in South Africa, Market Outlook to 2030, Update 2 Asia-Pacific T&D project contracts activity up 54% in July 2022, Europe electricity procurement contracts activity up 82% in July 2022, Asia-Pacific power plant contracts activity down 20% in July 2022, T&D project contracts remain flat in July 2022. He will lead the firm alongside former Brazos. It generates and supplies electricity. Salim wouldnt go into detail but said some partners are in talks to start up their own ventures or join new firms. 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. Insight. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. 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. A Pitchbook article does a deep dive into PE cash management practices & makes some interesting observations about distributions to LPs. For additional information, please visit the firm's website atwww.strategicequipment.com. U.S. private equity firm Brazos Private Equity Partners will not be raising a new fund and will manage out the existing portfolio and wind down, reports Chris Witkowsky, editor of peHUB. OEG is headquartered in Oakland, California, the US. . The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. Relations between the couple and the rest of the family have become strained since they stepped down from their royal duties in 2020, and moved to California to forge new lives and careers. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. Click A selection of some of our top photography from the month. We have just sent you an email so you can verify your account. here to register, Not for publication, email or dissemination, Green Infrastructure Partners to buy ATEs roadbuilding business, Shore Capital-backed OC Flavors snaps up Novotaste, Staci acquires Rotunda Capital-backed fulfillment services firm Amware, Introducing the Women in PE Class of 2023; Lincoln Road partially exits Brothers National, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names. This is further set to rise to 15% by 2030. It offers its services to residential, business, institutional and governmental customers. The . 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. var wa = document.createElement('script'); wa.type = 'text/javascript'; wa.async = true; That said, Salim said right now the priority is finishing the deployment of Fund III, the investment period of which ends in July. This copy is for your personal, non-commercial use only. Texas-based buyout house Brazos Private Equity Partners is reportedly set to wind down after revealing it will not raise Sorry, you need to subscribe to read this article. The company provides a wide range of services that include engineering, construction, operations and maintenance, land procurement, meteorology, and field services. Only logged in subscribers of this site will be able to access the shared article. Italian authorities arrested three people and were looking for a fourth suspect who they believe trafficked up to 200 migrants aboard a wooden boat that smashed apart on rocks off southern Italy on Sunday, killing at least 65 people. Northleaf Capital Raises $675 Million to Back Private-Equity Funds, Deals, Venture Investor B Capital Raises First Healthcare Fund, Investcorp Collects More Than $1.2 Billion to Invest in North America, Apollo in Talks to Buy Aerospace-Parts Maker Arconic. Over the past ten years, Brazos has compiled a strong track record of distribution investments that have created significant value for our investors. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. Asia-Pacific power plant contracts activity down 20% in July 2022. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. 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