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Alternative Market Briefing

TRP Capital Partners raises continuation fund for GenOx Transportation Inc.

Wednesday, February 28, 2024

Bailey McCann, Opalesque New York:

TRP Capital has completed a single asset continuation fund for GenOx Transportation Inc. Barings, Kline Hill Partners and Adams Street Partners were all co-lead investors. Financial terms were not disclosed.

GenOx operates a fleet of specialty trailers that transport nitrogen, argon, oxygen, carbon dioxide, hydrogen, helium, chemicals, and liquified natural gas, all of which are carried in compressed or liquified form.

The global industrial gas market is expected to grow at approximately 6% compounded annually to $134......................

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