First Reserve

Why it is important to approach the energy industry in a holistic way, according to First Reserve’s Alex 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.

The deal further signals the asset manager's interest in energy having hired a Madison Dearborn MD last year to build a strategy focusing on the sector.

First Reserve will acquire a subset of Crompton Greaves’ international power transmission and distribution division to be known as Pauwels.

The firm has added former Triton, First Reserve and Doughty Hanson deal makers to its bench.

The process is in the early stages and Lazard is expected to sent out non-disclosure agreements this week.

The energy specialist has announced promotions to its private equity and energy infrastructure teams.

The agreement will see $1 billion invested in energy in Mexico

Private equity firms have turned down the heat on fossil fuel investments.

LPs are rethinking fund allocations amid a pronounced downturn in the sector, and paying closer attention to sustainable strategies and vehicles focusing on renewables.

The move follows reports Terra Firma is seeking €3bn for its first commingled buyout fund in 12 years.

Michele 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.

Offices in downtown Houston were closed on Monday, while shut down refineries could lead to increased costs.

Successful GP-led secondaries transactions involving high-quality firms may herald the end of the fund restructuring stigma.

Jyrki Lee-Korhonen will continue to focus on Europe and the Nordics.

The investment bank's European head of private capital advisory has departed after 11 years.