Natural Gas snags Goldman partner(2)

Former Goldman Sachs partner Scott Gieselman joins Texas energy private equity specialist Natural Gas Partners as managing director.

Natural Gas Partners, a Texas energy private equity specialist, has hired Scott Gieselman as managing director.

Gieselman joins from Goldman Sachs, where he had worked for almost 20 years and had been partner. Among his responsibilities was senior management in the firm’s natural resources investment banking division, including regional head or co-head of the division’s West Coast and Southwest regions. He has worked on companies in the upstream E&P, oil sands, midstream MLP, chemical, regulated and unregulated utilities and oil field service sectors.

In a statement, NGP chief executive Ken Hersh said: “His experience at Goldman Sachs has been unique in that he has been integral to both advisory and principal investment transactions.”

Gieselman, who was a former professional football player with the New England Patriots and Miami Dolphins teams, will work on deal sourcing, structuring and execution at NGP.

NGP manages $2.9 billion of funds that invests in private equity capital in oil and gas production, midstream and oilfield service companies, as well as $250 million in two co-investment funds that invests alongside the firm’s portfolio companies.

In October 2006, the principal investment division of Barclays Capital bought a 40 percent stake in NGP for an undisclosed sum. NGP operates as a portfolio investment for Barclays.