First Reserve is a global private equity and infrastructure investment firm, specializing in energy. The firm has offices in Europe (Greenwich and London), North America (Houston), and Asia (Hong Kong).
Founded in January 1983, First Reserve investor are primarily from private and public retirement funds, sovereign wealth funds, endowments and foundations.
Since its inception, First Reserve has raised USD 23.1 billion of capital, invested more than USD 18 billion in equity and in more than 100 platform acquisitions. First Reserve investment strategy:
- Capitalizing on opportunities created by industry trends
- Proactive origination of transactions
- Disciplined acquisition analysis
- Active management of portfolio holdings to maximize post-investment value
- Incentives to attract and motivate entrepreneurial management teams.
Some of First Reserve portfolio companies:
- Buyout Fund Investments: 9Ren New Energies Group, Acteon Group Ltd., AMCI Capital L.P., Barra Energia do Brasil Petróleo e Gás Ltda., Brand Energy and Infrastructure Services, Inc., CHC Helicopter Corporation, China Coal Energy Company Limited, Connect Resource Services, Deep Gulf Energy LP & LP II, Diamond S Management, LLC, FR Midstream Holdings, LLC, GenPower Holdings, L.P., Industrial Power Generating Company, Southern Cross Coal Holdings and White Rose Energy Ventures.
- Energy Infrastructure Investments: First Caribbean Power and Midstream, First ECA Midstream, Fort Detrick Energy and SunEdison Reserve.
- Former Significant Investments: Alpha Natural Resources, Asian American Coal, Inc., Bahamas Oil Refining Company International Limited, Berkley Petroleum Corp, Cal Dive International, Inc., Caledonia Oil & Gas Limited, Chicago Bridge & Iron Company N.V., First Reserve Gas Company, New World Resources B.V., Petrel Energy Risk Management Ltd., Pine Mountain Oil & Gas, Power Well Services, Refinery Services, Remora Energy International, L.P., and Weatherford International, Inc..
On March 28, 2012, First Reserve Corporation announced the appointment of Alex T. Krueger as President. Mr. Krueger has been with First Reserve for 13 years. His last position with the firm was as a Managing Director in London.
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