First Reserve related stories
All articles and analysis
First Reserve sells AquilexFirst Reserve, a US private equity firm that specialises in the energy sector, is selling Aquilex to Harvest Partners.
- First Reserve closes $7.8bn energy fund
First Reserve, which recently opened offices in Asia, has announced the closing of the largest energy-specific global fund ever raised, at $7.8bn. CEO Bill Macaulay told PEO that investor demand could have made the fund "much larger."
- Lime Rock closes $750m energy fund
Lime Rock Partners, a Connecticut private equity firm, today announced the closing of its fourth energy-focused fund on $750m, nearly as much as its three previous funds combined.
- First Reserve hires ahead of fund close
First Reserve, a US-based energy investor, has strengthened its domestic and London offices. The firm is expected to close its eleventh fund on $8bn in the next few weeks.
- First Reserve sells Power Well for $675m
British gas and oil services company Expro will buy First Reserve’s oil well testing platform.
- Energy funds jolted by dollar surge
Three US energy private equity firms – First Reserve, LS Power Group and Energy Capital – are drawing commitments totaling roughly $13bn for energy and power investment, as LP interest in the strategy surges.
- NGP amasses $1.7bn over three funds
NGP Energy Capital Management announced the close of three funds, which combined took in $1.7 billion in limited partner commitments.
- First Reserve promotes Krueger to MD
The private equity energy specialist has named Alex Krueger a managing director in the firm’s Connecticut office.
- First Reserve acquires energy unit for $1.2 bn
Industrial conglomerate Ingersoll Rand has agreed to sell one of its units to New York and London energy buyout specialist First Reserve.
- First Reserve leads $1bn coal buyout
The New York and London energy specialist is leading The Blackstone Group and strategic partner American Metals & Coal in the acquisition of US coal assets from Germany’s RAG Coal International.