First Reserve related stories
All articles and analysis
First Reserve makes raft of promotionsThe US-based, energy-focused fund manager has promoted nine of its team, with five becoming managing directors. Three of the new MDs are based in London.
- First Reserve partners with CalPERS on deal
The firm has partnered with CalPERS to acquire a portfolio of four natural gas plants from ArcLight Capital. The deal represents the pension system's second direct infrastructure stake.
- First Reserve in JV with renewable firm
The specialist energy-focused firm has teamed up with Spain’s Renovalia Energy to target wind projects across Europe and North America.
- First Reserve joins trio chasing Cognetas asset
The specialist energy-focused firm has joined PAI Partners and Rhone Capital in the auction of French petrol pump company Trokheim, as owner Cognetas seeks to cap a tumultuous year by returning capital to its investors.
- First Reserve in $100m shale deal
The Connecticut-based energy investor has formed a gas gathering joint venture with Energy Corporation of America in Pennsylvania’s Marcellus Shale.
- First Reserve partners sustainable tech company
The €300m investment will give the firm access to around 21m Class B shares in Abengoa, a Spanish company that focuses on sustainable energy technologies.
- Turmoil erupts at LMS
A group of shareholders in London-listed private equity group LMS Capital, including its chairman Robert Rayne, have called for the business to be broken up.
- Canadian buyouts reach highest level since 2008
Private equity deal flow surged 40% in Q2 2011 compared to the same period last year, while fundraising in the first half of the year more than quadrupled compared to the first half of 2010.
- Flotilla of deals suggests fair wind for shipping
Private equity interest in the shipping and port logistics sector is on the rise, with more than $2bn of recent deals suggesting firms are increasingly drawn to infrastructure-related assets.
- UN pension backs Centerbridge and Lexington
The $43bn United Nations Joint Staff Pension Fund carved out a 6% allocation to private equity last year and has made its first commitments to big funds this summer.