Greenbrier Partners Capital Management, LLC

Greenbrier Partners Capital Management, LLC is a Texas-based firm established in 2011, offering discretionary investment advice and management services to private investment funds. The firm is primarily owned by Rowe Management Trust, with Ginette Rowe Beecherl as the managing member. They manage approximately $1.39 billion of regulatory assets on a discretionary basis as of December 31, 2024. The firm does not charge an asset-based management fee and expenses incurred are paid by the Fund. They receive performance-based compensation and do not provide advisory services to accounts other than the Fund currently. The Fund generally requires a minimum investment of $1 million and caters to high net worth individuals, retirement plans, private investment funds, pensions, corporations, and limited partnerships. Greenbrier Partners Capital Management follows a single investment strategy focusing on a concentrated, long-only portfolio of undervalued U.S. equities. They aim to protect and grow capital in a tax-efficient manner. The firm has implemented a Code of Ethics, personal trading policies, and proxy voting procedures to ensure compliance and transparency. Clients can withdraw investments quarterly, subject to certain conditions. The firm has no disciplinary history and does not receive compensation for client referrals. They have custody of client assets and accept discretionary authority to manage securities accounts. The firm has not faced financial difficulties and does not require prepayment exceeding $1,200 per client in advance.