Trilantic North America, a growth-focused private equity firm, has spun out its energy team and formed an independent firm called Greenbelt Capital Partners.

Greenbelt will launch on January 1, 2022 and will be headquartered in Austin, Texas. The firm will be led by current managing partner at Trilantic, Chris Manning; he will be joined by the rest of the Trilantic energy team.

“Chris and the team have done a tremendous job establishing a premier energy investing franchise with notable transactions in the oil and gas industry, midstream infrastructure and, more recently, energy transition landscape,” said Charlie Ayres, chairman and managing partner of Trilantic North America. “We are proud to support this exciting next step for the energy team and look forward to working together.”

“As technologies have developed and renewable power has become more affordable, we have found many more investable opportunities beyond traditional energy, including subsectors such as industrial and residential solar, battery storage, vehicle electrification and software required to meet the needs of energy customers,” added Manning. “We look forward to further exploring these avenues while working closely alongside our existing portfolio companies.”