First Reserve related stories
All articles and analysis
First Reserve adopts UN responsible investment guidelinesThe firm has become the first energy-focused private equity investor to sign up to the ESG principles.
- Hellman & Friedman closes $8.8bn fund
The San Francisco firm has raised the year’s second-largest fund while also confirming changes to its management team.
- First Reserve pro urges new vision for national infrastructure bank
Mark Florian, who heads the energy-focused private equity firm’s infrastructure team, told attendees at the New York State Infrastructure Summit today that new forms of financing should be utilised for such a project to have real value.
- First Reserve in $500m Asian oil deal
The all-equity investment gives the US-based firm a 99% stake in Singapore-based KrisEnergy. The company will focus on Southeast Asian oil and gas assets.
- Indiana commits $150m to private equity
Two energy funds and two mega-funds have secured commitments from the $16bn pension.
- TA Associates closes $4bn Fund XI
The 41-year-old private equity firm beat the $3.5bn target for its latest fund. Its reduction of carry to 20% from 25% is not the only reason it resonated with LPs, managing director Brian Conway told PEO.
- ALL THE WAY TO THE BANK
With a little regulatory creativity, four US private equity firms have carved out a banking niche. More are sure to follow. By Cezary Podkul.
- PA SERS loses 26% on private equity in 2008
The $22bn state workers' pension fund lost 16.5% on its private equity portfolio in the fourth quarter of 2008, along with fourth quarter drops of 13.1% in venture capital and 14.8% in real estate.
- Hg, Foresight capitalise on Spanish solar sell-off
Each firm has purchased a photovoltaic plant that has an attractive government-backed feed-in tariff. The tariff – which locked in multi-year fixed rates for projects connected to the power grid from September 2007 to September 2008 – fuelled a solar development boom in Spain.
- Energy veteran: Look to China for energy growth
Bill Macauley, who heads the world’s largest energy-focused buyout firm First Reserve Corporation, believes that China holds the key to plugging the $26 trillion investment gap in the global energy market.