ECP related stories
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Energy Capital-backed Rimrock Midstream names VP of operationsRimrock Midstream, which is backed by Energy Capital Partners, has named Randy Bruce executive vice president of operations. Bruce, who will be responsible for engineering, construction and terminal/pipeline operations, most recently directed the operations of the 500-mile Seaway pipeline.
- Carlyle completes acquisition of Red Oak power generation facility
The Carlyle Group said Thursday that it has closed its buy of the Sayreville, NJ-based Red Oak power generation facility. The seller was Energy Capital Partners. No financial terms were disclosed.
- Rimrock Midstream closes acquisition of El Dorado Storage Terminal
Rimrock Midstream said Thursday that it has completed its acquisition of the El Dorado Storage Terminal from Enbridge Energy Partners. No financial terms were disclosed. In conjunction with the closing, Rimrock has formed an up to $160 million financing relationship with Energy Capital Partners to support Rimrock's growth initiatives. Located two miles west of El Dorado, Kansas, the El Dorado Storage Terminal is a service provider to the nearby El Dorado refinery.
- First Avenue hires former Park Hill exec
The firm has hired Chris Leach as a partner one week after adding former Willis Stein partner Philip Pool as co-chairman.
- First Avenue hires new partner
Global private placement agent and investment firm First Avenue said Wednesday that it has hired Chris Leach as a partner. Leach, who will be based in the company's London office, will serve with David Hunter as co-head of international sales. Previously, Leach worked at Park Hill Group, where he served as a managing principal.
- GSO seals $513m oil and gas exit
Blackstone’s debt affiliate will sell Bear Tracker Energy to Summit Midstream Partners less than three years after investing $200m in the business. GSO invested or committed more than $1bn to energy investments in 2012.
- Energy Capital hits $800m hard-cap for mezz fund
The firm’s debut energy mezzanine fund had a $500m target and invests in energy companies similar to those in Energy Capital’s two private equity funds.
- JC Flowers loses IR chief
Jordan Robinson, who joined the struggling firm in 2010, is heading to Energy Capital Partners to take on the IR role.
- Energy Capital pre-markets Fund III
The firm has been talking to LPs about its third fund, which will target $3.5bn, with a possible hard-cap of $5bn.
Carlyle adds power plants, new fund to energy mixCarlyle Group, with an energy portfolio of about $28 billion, has recently added six power plants to its Cogentrix platform. The firm is also raising an international energy fund with a target of $1.5 billion.