NRG is headquartered in Princeton, New Jersey, the US. 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? It offers its services to residential, business, institutional and governmental customers. The reality for standard funds is that many of them take almost as long to completely wind down. One of Pitchbooks conclusions is that better GPs often have quicker than average exits since these folks make good investments in the first place, its easier for them to exit quickly. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. OHara joined the Credit Suisse Customized Fund Investment Group (now owned by Grosvenor Capital Management). The company provides a wide range of services that include engineering, construction, operations and maintenance, land procurement, meteorology, and field services. 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 light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Brazos Co-Chief Executive Officer and Co-Founding Partner Randall S. Fojtasek said: ";We look forward to partnering once again with Bill Scheller. 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. Only logged in subscribers of this site will be able to access the shared article. 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CenterOak Partners, LLC, a Dallas-based private equity firm focused on making control-oriented investments in middle-market companies, today formally announced its formation led by Randall Fojtasek, former Co-Founder and Co-Chief Executive Officer of Brazos Private Equity Partners, LLC ("Brazos"). Click here. Backstage and collection highlights at Milan Fashion Week. The project is currently active. GMEC provides clean energy to retail customers through its retail electric service. It also provides construction management, project financing, operations and maintenance and asset management services. ORS Nasco, Inc.is one of the largest, pure wholesale distributors of industrial supplies in North America. Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. 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. The company provides energy and related services to residential, industrial and commercial consumers at fixed, indexed or variable prices. A link has been emailed to you - check your inbox. Russian forces press their weeks-long drive to encircle and capture the eastern Ukrainian city of Bakhmut where the commander of Ukraine's ground forces described the situation as "extremely tense". By clicking the Download Free Report button, you accept the terms and conditions and acknowledge that your data will be used as described in the GlobalData privacy policy it's been delivered there. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Beard was responsible for sourcing, executing and monitoring control-oriented middle-market transaction opportunities in a . All power projects included in this report are drawn from GlobalDatas Power Intelligence Center. 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. 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. 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. 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 . Insight. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Register now to read this article and more for free. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. Asia-Pacific power plant contracts activity down 20% in July 2022. Click The new firm plans to build a diversified portfolio of platform investments and invest $20-70 million of equity. MORE IN PICTURES. Brazos Wind Ranch is a 160MW onshore wind power project. Not the case? The project was developed by Cielo Wind Power, Green Mountain Energy, NRG Energy and Orion Energy Group. He will lead the firm alongside former Brazos. 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. 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,. 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. 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. The project is co-owned by Mitsui and Royal Dutch Shell, with their respective ownership stake of 50% each. This copy is for your personal, non-commercial use only. 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. Facility Maintenance, Repair & Operations, Brazos Private Equity Partners and Bill Scheller seek to build a new industrial distribution platform. Abby Latour, latest-news-headlines However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. Brazos Private Equity will focus on making platform and add-on investments with the remaining capital, he said. Winding up a private equity fund. Salim wouldnt go into detail but said some partners are in talks to start up their own ventures or join new firms. Here's an excerpt: Most funds take 12 years or more to fully liquidate. See here for a complete list of exchanges and delays. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. Brazos has significant experience acquiring, growing and monetizing distribution businesses. The . Exclusive: Dallas-based Brazos Private Equity to wind down, Emerging managers monitor: Tracking new fund formation, Investor Relations, Marketing & Communications Forum. In June, Brazos-backed wine distributor Winebow placed debt backing a merger with Vintner Group, a portfolio company of Brockway Moran & Partners. 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. 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. Click here. We distinguish ourselves as the #1 choice for industrial manufacturers who are in need of Technical Service and Production Savings. The project supplies enough clean energy to power 48,000 households, offsetting 144,000t of carbon dioxide emissions (CO2) a year. The total value of New York State Common Retirement Funds investment in Fund II was $39.0 million as of March 31, 2013, according to the pension fund. T&D project contracts remain flat in July 2022. 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. Orion Energy Group LLC (OEG) is a renewable energy company that constructs, develops, operates, and finances wind power projects. 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. Convene, 117 W 46th St, New York, April 19-20, 2023 Click You should only be asked to sign in once. Register now to read this article and more for free. Brazos Private Equity Partners is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses. 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. 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. Salim declined to comment on their performance. NRG owns power generation plants and operates facilities for third parties. 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. It is located in Texas, the US. It designs, develops, owns, and operates utility-grade wind power projects. A link has been emailed to you - check your inbox. 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