Over the past decade, since the firm's founding in 1999, Brazos has been one of the most active and successful private equity firms focused . Many cases likely involve straggler investments and not . Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed over 60 acquisitions. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market. NRG sells energy, services and associated products and services to retail customers under the NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. It is located in Texas, the US. it's been delivered there. Copyright 2019 BlackHawk Industrial / All rights reserved. Cielo Wind is headquartered in Austin, Texas, the US. Brazos has invested in a broad range of industries including consumer, food and beverage, business and financial services, healthcare, manufacturing / industrial and distribution. The reality for standard funds is that many of them take almost as long to completely wind down. 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. It also offers carbon offset programs. If you would like to access this article you must become a Premium Subscriber. 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. The team page of the Brazos Private Equity website lists 15 people altogether. The company also offers energy and specialty services. The reality for "standard" funds is that many of them take almost as long to completely wind down. 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. Click here. Facility Maintenance, Repair & Operations, Brazos Private Equity Partners and Bill Scheller seek to build a new industrial distribution platform. Enter your email address and gain instant access to this article. The documentation constituting the . 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. 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. Shelter Distribution, Inc.is one of the largest wholesale distributors of roofing products and related accessories in the Midwest/Southwest U.S. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. A selection of some of our top photography from the month. Mr. Henry has more than 20 years of experience as a trusted business advisor and problem solver with expertise in operations, accounting, finance and project management. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Asia-Pacific power plant contracts activity down 20% in July 2022. In June, Brazos-backed wine distributor Winebow placed debt backing a merger with Vintner Group, a portfolio company of Brockway Moran & Partners. A link has been emailed to you - check your inbox. Winding up a private equity fund. Orion Energy Group LLC (OEG) is a renewable energy company that constructs, develops, operates, and finances wind power projects. This copy is for your personal, non-commercial use only. Mar 27, 2014 * Vintage 2008 fund was $715 mln . ORS Nasco, Inc.is one of the largest, pure wholesale distributors of industrial supplies in North America. The company produces electricity using coal, natural gas, nuclear, oil, biomass, wind and solar sources. We remain good friends, and weve told ourselves that we want our process as we wind up the Brazos deployment cycle to be a model for how people do this, he said. Salim declined to comment on their performance. Brazos Wind Ranch is a 160MW onshore wind power project. For additional information about. The company provided 160 units of MWT62/1.0 (MWT-1000A) turbines, each with 1MW nameplate capacity. 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. All power projects included in this report are drawn from GlobalDatas Power Intelligence Center. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022, Whos innovating where? OEG is headquartered in Oakland, California, the US. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. The firm has not had a ton of high level turnover. Access to real-time, reference, and non-real time data in the cloud to power your enterprise. The project was developed by Cielo Wind Power, Green Mountain Energy, NRG Energy and Orion Energy Group. Register now to read this article and more for free. Not surprisingly, the article also says that smaller funds are quicker to liquidate much more quickly than larger funds. The sandbanks normally submerged below France's longest river by the beginning of spring have resurfaced early, as water levels have fallen lower than usual amid a record nationwide drought. NRG Energy and TXU Energy Retail are the power offtakers from the project. The first Brazos fund closed in 2000 with commitments of $250 million. content 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. Best of Cannes Film Festival. /marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/senior-team-from-brazos-forms-new-middle-market-pe-firm https://www.wsj.com/articles/DJFLBO0020140326ea3qoxq54. Ex-Brazos senior executivesMichael Salim,Lucas Cutler,Jason Sutherland, andWilliam Henryare joining him. var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(wa, s); The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponents news, deals and financial reporting, regulatory body, associations, government planning reports and publications. 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. Diamond WTG Engineering & Services and E.ON Energy Services were contracted to render operations & maintenance services for the project. The project is co-owned by Mitsui and Royal Dutch Shell, with their respective ownership stake of 50% each. We are their across the production floor partner delivering value through product and supply chain performance that lowers their total cost of production. The new firm plans to build a diversified portfolio of platform investments and invest $20-70 million of equity. Brazos has a long runway ahead of it. 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. 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. Market Data . Click Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Here's an excerpt: Most funds take 12 years or more to fully liquidate. We have just sent you an email so you can verify your account. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. peHUB-Exclusive: Dallas-based Brazos Private Equity to wind down. NRG is headquartered in Princeton, New Jersey, the US. Brazos Private Equity Partners is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses. 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. You should only be asked to sign in once. Strategic Equipment and Supply Corporationis a leading national provider of foodservice equipment and supply solutions. 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? The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. In fact, our data shows some sunny results, with about half of all PE funds making their first distributions by the 1.5-year mark. It offers its services to residential, business, institutional and governmental customers. It has been developed in single phase. You should only be asked to sign in once. OHara joined the Credit Suisse Customized Fund Investment Group (now owned by Grosvenor Capital Management). Since 2002, Brazos has invested in three successful distribution companies. He said management fees wont change and will be necessary to pay the team to deploy Fund III and manage out the firms existing investments. Not the case? 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. Vision Source, a network of independent optometrists and dentists in the portfolio of Brazos Private Equity Partners, has completed a dividend recapitalization. ", Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Only logged in subscribers of this site will be able to access the shared article. It also says that capital calls are cyclical, while distributions tend to be counter-cyclical. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. NRG owns power generation plants and operates facilities for third parties. 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. 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. Please check your spam or junk folder just in case. The project is currently active. It carries out plant operations, commercial operations, EPC, asset management, energy services and other related critical functions. Last week, Brazos announced the close of a dividend recapitalization of optometrist and dentist supplier Vision Source with financing from Golub Capital. Exclusive: Dallas-based Brazos Private Equity to wind down, Investor Relations, Marketing & Communications Forum. A limited partner told peHUB that the team was splitting and raising separate funds. Brazos Private Equity Below is a brief overview of these investments. You should only be asked to sign in once. 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. We distinguish ourselves as the #1 choice for industrial manufacturers who are in need of Technical Service and Production Savings. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. MORE IN PICTURES. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. It has its operations in the US and the UK. Private equity funds in Europe are usually considered to be ten-year funds. For additional information about ORS Nasco, please visit the firm's website atwww.orsnasco.com. 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