First Reserve related stories
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Number Crunch: Oil and gas on the back burnerPrivate equity firms have turned down the heat on fossil fuel investments.
Side Letter: South-East Asian PE prospects, Blackstone on debt secondaries, RIP First Reserve's MacaulayIndonesia eyes a Temasek-like state fund; Hong Kong protests' silver lining; Blackstone bearish on credit secondaries. Here’s today's brief, for our valued subscribers only.
Energy special: Fundraising’s new normalLPs are rethinking fund allocations amid a pronounced downturn in the sector, and paying closer attention to sustainable strategies and vehicles focusing on renewables.
First Reserve: Powering value in an evolving landscapeWhy it is important to approach the energy industry in a holistic way, according to First Reserve’s Alex Krueger
Another Terra Firma exec departs while on fundraising trailThe move follows reports Terra Firma is seeking €3bn for its first commingled buyout fund in 12 years.
Terra Firma loses another MDMichele Russo, a Doughty Hanson and Lazard veteran who joined the buyout firm as a managing director, has left after over one year in the role, Private Equity International has learned.
How hurricane Harvey is impacting private equityOffices in downtown Houston were closed on Monday, while shut down refineries could lead to increased costs.
- Fund restructuring comes of age
Successful GP-led secondaries transactions involving high-quality firms may herald the end of the fund restructuring stigma.
- First Reserve founder Macaulay hands reins to Krueger
William Macaulay, executive chairman of the Greenwich-headquartered firm will step down as co-CEO, passing on day-to-day responsibilities to Alex Krueger, but will remain involved with the firm.
- Terra Firma ex-MD to join DH Private Equity
Jyrki Lee-Korhonen will continue to focus on Europe and the Nordics.