Riverstone Holdings has appointed former Goldman Sachs general partner Peter Coneway as a managing director based in Houston. He will focus on sourcing, structuring and executing energy investments.
Coneway was recently US ambassador to Switzerland and Liechtenstein, before which he spent more than 20 years with Goldman Sachs. As a general partner with Goldman, he managed its Houston office and established an equities, sales, trading and research division in Tokyo.
Riverstone manages $17 billion acorss six funds. It invests in midstream, exploration and production, oilfield services, power and renewable energy sectors, and has committed more than $11 billion to 58 investments since it was founded in 2008.
In December, the firm acquired Calgary-based Gibson Energy for $860 million, one of several joint investments Riverstone has made with The Carlyle Group.
The two firms have raised three funds together and are currently seeking $6 billion for their fourth global energy and power fund. In 2006 Carlyle/Riverstone Global Energy and Power III closed on $3.8 billion while Carlyle/Riverstone Renewable Energy Infrastructure Fund I raised $685 million.