First Reserve related stories
All articles and analysis
Louisiana Teachers’ approves $100m commitment to First ReserveThe $16.1bn pension is also set to commit $75m to Falcon Investment Advisors, a middle market focused mezzanine firm.
- Pine Brook commits $100m to energy venture
The New York firm led by former Warburg Pincus vice chairman Howard Newman has partnered with Australian Stock Exchange-listed Comet Ridge to develop US oil and gas assets. Drilling will commence immediately at the company's Colorado oil field.
- A bright spot
Green energy shines amid a bleak deal landscape, writes King & Spalding's Mark Thompson.
- Investment banking revenue from private equity down 68%
Fees generated from private equity-sponsored buyouts and other transactions are at their lowest level since 2003; First Reserve replaces Blackstone as the top revenue source for investment banks.
- DIC hires Morgan Stanley Private Equity co-founder
Dubai International Capital has hired David Smoot to expand its private equity operations in North America. He brings with him a wealth of experience in investment banking, from advisory mandates to principal investing.
- First Reserve seeds energy insurer with $720m
The private equity energy giant has made its largest-ever investment into specialised insurance with its support of London-based Torus Insurance.
- First Reserve backs construction of US’ first barley ethanol plants
The global private energy specialist has broadened its investment scope with a $300m biofuel investment, as it considers increasing its attention to renewables.
- CRIME PAYS
With its recent acquisition of a steel products manufacturer, Sentinel Capital Partners has e ntered the lucrative US market for prison-related industries.
- GPs pump capital into oil and gas
The sector continues to be a strong area of investment for private equity firms, driving 25 percent of deal volume in April this year - despite a contraction of investment in most other industries.
- HitecVision buys oil and gas company
The Nordic specialist energy private equity firm has bought a start-up oil and gas exploration and development company sealing another investment in the frenetic sector.