Greenbriar Raises $1 Billion and Completes Equity Fund II

Jun 27, 2007, 01:00 ET from Greenbriar Equity Group LLC

    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
               (914) 925-9692

SOURCE Greenbriar Equity Group LLC