GREENWICH, Conn., HOUSTON, LONDON and HONG KONG, Dec. 22, 2014 /PRNewswire/ -- First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy, today announced the promotion of two senior investment professionals within the Energy Infrastructure Funds team. The promotions further highlight the strength of the Firm's energy infrastructure program, which closed on its second fund in June 2014. The Fund was oversubscribed beyond its initial target of US$2 billion, ultimately closing at its US$2.5 billion hard cap.
"I am extremely proud of the team we have built at First Reserve, and these promotions reflect both our deep bench of talent and our commitment to excellence," said William Macaulay, Chief Executive Officer of First Reserve. "In my view, we have the strongest energy infrastructure investment team in the industry, and we continue to expect a robust set of investment opportunities over the coming years."
The promotions become effective as of January 1, 2015, and include:
"These two individuals have played an important role in the success of First Reserve's energy infrastructure program to date, and we expect them to be key figures in the future of the Firm. They exemplify the strong work ethic and dedication to delivering long-term, steady returns to our Limited Partners that is the hallmark of our energy infrastructure team," concluded Mark Florian, Head of Infrastructure Funds of First Reserve.
For media inquiries, please contact:
Caroline Harris-Gibson
Prosek Partners
Tel: +1.212.279.3115 ext. 222
E-mail: cgibson@prosek.com
Julie Hamilton-Oakes
Prosek Partners
Tel: +1.212.279.3115 ext. 234
E-mail: joakes@prosek.com
About First Reserve
First Reserve is the largest global private equity investment firm exclusively focused on energy. With over 30 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised more than USD $30 billion of aggregate capital since inception. Putting these to work, First Reserve has completed more than 475 transactions (including platform investments and add-on acquisitions) on six continents. Its portfolio companies span the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services and infrastructure. First Reserve has offices in Greenwich, CT; Houston, TX; London, U.K. and Hong Kong. Visit us at www.firstreserve.com for more information.