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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 39 2.63%
of those in investment advisory functions 28 12.00%
Registration SEC, Approved, 3/30/2012
AUM* 8,632,065,097 7.70%
of that, discretionary 8,632,065,097 7.70%
Private Fund GAV* 8,632,065,097 0.72%
Avg Account Size 479,559,172 -4.27%
SMA’s No
Private Funds 18 2
Contact Info 914 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
8B 7B 6B 5B 3B 2B 1B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count18 GAV$8,632,065,097

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Brochure Summary

Overview

Greenbriar was formed as a Delaware limited liability company in 1999 by principal owners Joel S. Beckman, Gerald Greenwald and Reginald L. Jones, III, and converted to a Delaware limited partnership in 2018. As of March 31, 2023, Reginald L. Jones, III, Jill Raker and Noah Roy are Greenbriar’s Managing Partners (“Managing Partners”) for Greenbriar Equity Fund III, L.P. (“Fund III”), Greenbriar Equity Fund III-A, L.P., Greenbriar Equity Fund IV, L.P. (“Fund IV”), Greenbriar Equity Fund IV-A, L.P. (“Fund IV-A”), Greenbriar Equity Fund V, L.P. (“Fund V”) and Greenbriar Equity Fund VI, L.P. (“Fund VI”) and Niall McComiskey and Michael Weiss are additionally Managing Partners for Fund V and Fund VI. Greenbriar SLP IV, L.P. serves as the management company of Fund IV and Fund IV-A and is registered with the SEC under the Advisers Act pursuant to Greenbriar Equity Group, L.P.’s registration. Greenbriar SLP V, L.P. serves as the management company of Fund V and is registered with the SEC under the Advisers Act pursuant to Greenbriar Equity Group, L.P.’s registration. Greenbriar SLP IV, L.P. and Greenbriar SLP V, L.P. are registered with the SEC under the Advisers Act pursuant to Greenbriar’s registration and are principally owned by the Managing Partners. Unless the context otherwise requires, references to Greenbriar herein include Greenbriar SLP IV, L.P. and Greenbriar SLP V, L.P. We provide discretionary investment advice solely to private equity funds that seek to participate in private equity investments in companies primarily in market leading services and manufacturing businesses with proven management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar’s deep sectoral expertise and strategic insight alongside its operating capabilities and network of senior executive relationships. The private equity funds are referred to in this brochure as the “Funds,” each a “Fund,” or our “Clients.” Investors in the Funds are referred to in this brochure as “investors” or “limited partners.” The investment management services that we provide to our Clients primarily consist of selecting, investigating, structuring and negotiating private equity investments and dispositions, monitoring the performance of these investments and performing certain administrative services. These services are provided pursuant to investment management agreements with the Funds and as a result of a delegation of authority by the general partner of each Fund (each a “General Partner” and collectively, together with any future affiliated general partner entities, the “General Partners”). We provide advice to each Client that takes into account its investment
objectives and the investment restrictions contained in its limited partnership agreement, investment management agreements and other governing documents (collectively, the “Governing Documents”). A Fund generally enter into letter agreements or other similar agreements (“Side Letters”) with one or more investors which provide such investors with additional or different rights than such investors otherwise have pursuant to such Fund’s Governing Documents. Additionally, as permitted by the relevant Fund’s limited partnership agreement, Greenbriar expects to provide (or agree to provide) co-investment opportunities (including the opportunity to participate in co-invest vehicles) to certain current or prospective investors or other persons, including, but not limited to, other sponsors, market participants, finders, consultants and other service providers, portfolio company management or personnel, Greenbriar personnel and/or certain other persons associated with Greenbriar and/or its affiliates. Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, for strategic and other reasons, a co-investor or co-invest vehicle (including a co-investing Fund) purchases a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer), which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co-investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of the investment. Where appropriate, and in Greenbriar’s sole discretion, Greenbriar reserves the right to charge interest on the purchase to the co-investor or co-invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the relevant Fund for related costs. However, to the extent any such amounts are not so charged or reimbursed (including charges or reimbursements required pursuant to applicable law), they generally will be borne by the relevant Fund. Wrap Fee Programs We do not participate in wrap fee programs. Assets Under Management As of December 31, 2023, we manage $8,632,065,097 of Client assets on a discretionary basis. This includes both invested capital and the committed capital that may be called by the Funds from their respective limited partners. We do not manage Client assets on a non-discretionary basis.