A re-enactment of the March First Independence Movement was held honoring the national holiday and 1919 demonstrations that called for independence from Japan. NRG is headquartered in Princeton, New Jersey, the US. 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. 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,. It generates and supplies electricity. -John Jenkins, DealLawyers.com October 30, 2019, Great. Here's an excerpt: Most funds take 12 years or more to fully liquidate. https://www.wsj.com/articles/DJFLBO0120150113eb1dr636p. Abby Latour, latest-news-headlines 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. window.__lo_site_id = 177402; The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. A verification email is on its way to you. 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. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. The project is currently active. Margaret Dipp Dallas, Texas Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, announced today that it will partner with Bill Scheller to build a new industrial distribution platform called BlackHawk Industrial Distribution, Inc. Mr. Scheller, a long-time industrial distribution executive and investor and former CEO and President of ORS Nasco, a Brazos portfolio company, will serve as President and CEO. Brazos Private Equity Partners is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses. This is further set to rise to 15% by 2030. 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". A link has been emailed to you - check your inbox. Only logged in subscribers of this site will be able to access the shared article. Please check your spam or junk folder just in case 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. 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. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. The first Brazos fund closed in 2000 with commitments of $250 million. NRG owns power generation plants and operates facilities for third parties. Last week, Brazos announced the close of a dividend recapitalization of optometrist and dentist supplier Vision Source with financing from Golub Capital. 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. All quotes delayed a minimum of 15 minutes. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. it's been delivered there. We have a portfolio to mine and harvest value. 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. Below is a brief overview of these investments. 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. Next Slideshows . Contact: Mark Semer Kekst and Company (212). 214-756-6509. Many cases likely involve straggler investments and not . For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Many cases likely involve straggler investments and not the lions share of a funds portfolio, which may be sold off well within a 5 to 7-year time frame. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022, Whos innovating where? 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. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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, 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. 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. ORS Nasco currently has a network of eight strategically placed distribution centers that provide overnight delivery access to approximately 80% of the industrial activity in the United States and the rest of the country within two days. Not the case? Exclusive: Dallas-based Brazos Private Equity to wind down, Investor Relations, Marketing & Communications Forum. Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. Target companies generally have growing free cash-flow, sustainable competitive advantages, and a leading market position. This copy is for your personal, non-commercial use only. Ex-Brazos senior executivesMichael Salim,Lucas Cutler,Jason Sutherland, andWilliam Henryare joining him. You should only be asked to sign in once. Its natural as you get to the end of a deployment period, the partners ask themselves, Are we up for a new fundraising together? People are in different places in terms of their families, their business careers, and they want different things, Salim said. That apparently reflects the fact that post-recessionary funds are slower to invest & quicker to exit than their boom-era counterparts. Only logged in subscribers of this site will be able to access the shared article. GMEC is headquartered in Austin, Texas, the US. Brazos Private Equity Partners LLC is a private investment firm that specializes in recapitalizations of family owned businesses, CEO led buy-and-build situations, non-core divestitures, and small cap take privates. 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. 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. The company provides energy from wind and solar sources. ", About Brazos Private Equity Partners, LLC. Contact Salim declined to comment on their performance. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed over 60 acquisitions. The new firm plans to build a diversified portfolio of platform investments and invest $20-70 million of equity. 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. The Brazos Equity Fund III closed oversubscribed in September 2008 with capital commitments of over $700 million, targeting middle market companies with enterprise values of $50-400 million mainly in southwestern U.S. manufacturing, consumer, healthcare, distribution, and financial services companies. The company provided 160 units of MWT62/1.0 (MWT-1000A) turbines, each with 1MW nameplate capacity. ", Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. (function() { To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. A link has been emailed to you - check your inbox. Access to real-time, reference, and non-real time data in the cloud to power your enterprise. 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. 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. var wa = document.createElement('script'); wa.type = 'text/javascript'; wa.async = true; Brazos focuses on investments in leading middle-market consumer, healthcare, commercial & indus Read More Contact Who is Brazos Private Equity Partners Headquarters Click here. Please check your spam or junk folder just in case You should only be asked to sign in once. Brazos has a long runway ahead of it. Click Don't have an account? Market Data . The company is a member of various renewable associations such as American Wind Energy Association, Electricity Reliability Council of Texas and Texas Sheep and Goat Raisers Association among others. 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