---
title: "NYC VC/PE Fund Launch: Greenbelt Capital Closes $1B Inaugural Energy Transition Fund"
description: "Greenbelt Capital Partners closed Fund III at a $1 billion hard cap on June 23, 2025, with offices in Austin and New York focused on energy transition middle-market PE."
date: 2025-06-23T00:00:00.000Z
tags: ["nyc-vc-news", "fund-close", "new-york-funds", "private-equity", "frontier-tech"]
source: https://venturecapitaltracker.com/nyc-vc-fund-news-2025-06-23-greenbelt-capital-1b-fund-iii
---

# NYC VC/PE Fund Launch: Greenbelt Capital Closes $1B Inaugural Energy Transition Fund

> Greenbelt Capital Partners closed Fund III at a $1 billion hard cap on June 23, 2025, with offices in Austin and New York focused on energy transition middle-market PE.

Greenbelt Capital Partners closed **Fund III at a $1 billion hard cap** on June 23, 2025 — exceeding its $750M target and bringing total AUM to **~$2.5 billion**.

## Key facts

- **Firm:** Greenbelt Capital Management
- **Date announced:** June 23, 2025
- **Fund size:** $1 billion (hard cap)
- **Focus:** Energy transition middle-market private equity
- **Offices:** Austin, TX + **New York, NY**
- **Prior target:** $750 million

## LP base

Pension funds, sovereign wealth funds, insurance companies, and foundations across North America, Europe, and Asia-Pacific.

## Why this matters for NYC

Greenbelt's NYC office positions the firm in the **institutional capital hub** for energy transition PE — a category growing alongside NYC's climate tech venture ecosystem (Planeteer, etc.) but at middle-market control/buyout scale.

## Sources

1. BusinessWire (June 23, 2025): https://www.businesswire.com/news/home/20250623287827/en/Greenbelt-Capital-Inaugural-Fund-Closes-at-Hard-Cap-of-1-Billion