RYE, N.Y., June 27 /PRNewswire/ -- Greenbriar Equity Group LLC, a
private- equity firm focused exclusively on making investments in
transportation and transportation-related companies, today announced it has
completed the final closing of Greenbriar Equity Fund II, L.P.
The Fund, which had an initial target of $750 million, generated
substantial investor interest, closing with committed capital of $1 billion
from third party investors. A diverse group of endowments, foundations and
pension funds are participating in the fund with 73 percent of the
committed capital coming from investors in Greenbriar's first fund,
Greenbriar Equity Fund, L.P., which included $700 million of Limited
Partner capital and co- investment commitments.
"We are extremely pleased with the investor response to our second
fund," said Regg Jones, Managing Partner of Greenbriar. "We believe this
support reflects our success with our first fund, our expertise in the
transportation field and our network of relationships with senior industry
leaders, which provide a platform for sourcing attractive investment
opportunities and creating significant value in our portfolio." Managing
Partner Joel Beckman added, "We intend to continue our strategy of
investing in transportation companies exhibiting strong growth potential,
superior management, solid financial performance, sustainable competitive
advantage and ability to capitalize on favorable secular trends."
The senior team of Greenbriar Fund II also includes Managing Partner
Jerry Greenwald and Managing and Advisory Directors Ray Benvenuti, John
Daileader, Alan Howard, Kathleen Moran, Jill Raker and Mike Sprague. The
investment and management experience of this in-house team will continue to
be supplemented by an extensive network of senior operating executives.
Weil, Gotshal & Manges LLP served as legal counsel for Greenbriar
Equity Fund II, L.P.
Greenbriar Equity Group LLC is focused exclusively on making private
equity investments in the global transportation industry, including
companies in freight and passenger transport, aerospace and defense,
automotive, distribution and logistics, and other related sectors.
Greenbriar invests in companies with acquisition values in excess of $100
million. Additional information may be found at
Contact: Kathleen P. K. Moran
Chief Financial Officer
Greenbriar Equity Group
SOURCE Greenbriar Equity Group LLC