First Reserve related stories
All articles and analysis
First Reserve loses director amid fundraiseAnastasia Deulina has joined oil and gas royalty company FlowStream Commodities.
- One Rock closes debut fund on $432m
One Rock Capital Partners’ first fund was oversubscribed and beat its $300m target.
- LACERA commits $100m to Palladium
The Los Angeles pension expects to commit about $1.8 billion to private equity this year.
- On the Record: John Hill of First Reserve
This year marks the 30th birthday of specialist energy investor First Reserve. Since 1983, it has raised some $23 billion and completed more than 450 deals; its current portfolio of 28 companies generates combined revenues of over $30 billion. As it prepares to raise Fund XIII, vice-chairman John Hill tells PEI how the industry – and his firm – has changed
- First Reserve targets $5bn for Fund XIII
The Greenwich, Connecticut-based energy investor has come to market with a much smaller fund than its previous vehicle, a sign of the challenging fundraising environment even for established managers.
- Partners Group subsumes Italian partner
The private investment manager is expanding further still, as it integrates Milan-based fund manager Perennius.
- First Reserve seals $500m deal amid fundraise
The energy investor will back newly formed Century Midstream, which will focus on liquids and liquids-rich shale projects in North America.
- CD&R buys infra service companies
The firm will form a $2.5bn company by acquiring Brand Energy & Infrastructure Services from First Reserve and merging it with the infrastructure division of Harsco Corporation.
- First Reserve to seek $6bn for 13th fund
The Greenwich, Connecticut-based energy giant will pursue a more modest target from what it had been seeking in its prior fund – a move that many firms have used in the tough fundraising environment.
- Friday Letter Reaping what others didn't sow
Two decades of severe underinvestment have left global energy markets struggling to meet rising demand – and private equity firms with a massive opportunity.