The Teacher Retirement System (TRS) of Texas has made a $65 million commitment to Greenbelt Capital Partners TRP, a new fund managed by Greenbelt Capital Management.
Greenbelt Capital Partners TRP launched in August, according to an SEC filing. An equity fundraising target was not disclosed.
Formerly the energy arm of Trilantic North America, and Lehman Brothers Merchant Banking prior to that, Greenbelt since 2000 was involved in the early divestment from coal; has invested in water infrastructure; and has focused on natural gas, invested in electric grid equipment and rolled out extensive ESG architecture.
As an early mover in the new energy economy, Greenbelt also had an initial focus on EV infrastructure, energy storage, digitalization and renewables.