First Reserve Corporation
MediumFirm Overview
First Reserve Corporation is a private equity firm that is the oldest and largest fund dedicated to investments in the energy sector.
First Reserve Corporation is a private equity firm specializing in leveraged buyouts and growth capital investments in the energy sector. Founded in 1984, the firm is the oldest and largest private equity fund dedicated to energy investments. As of 2017, it maintained offices in Stamford, Connecticut; Houston, Texas; and London.
The firm has historically focused on raising large-scale energy-focused funds, including Fund XII in 2008 which secured approximately $8.9 billion in investor commitments. In addition to traditional energy deals, First Reserve has expanded into renewable energy, notably acquiring Gamesa Solar in 2008 and forming a European renewable energy group.
Throughout its history, First Reserve has participated in various high-profile transactions across the energy value chain, including infrastructure services, drilling, and refinery acquisitions. Notable achievements include the establishment of Alpha Natural Resources, which grew to become one of the largest coal companies in the United States.
Leadership
Notable Investments
Historical and current deals referenced in public sources.
Portfolio Companies
| Company | Sector | Status | Website |
|---|---|---|---|
| AP4 | — | Current | — |
| Ascent Resources, LLC | — | Current | — |
| Blue Racer Midstream, LLC | — | Current | — |
| Dresser Utility Solutions, LLC | — | Current | — |
| Energy Transfer LP (Formerly Crestwood Equity Partners LP) | — | Current | — |
| Hoover Circular Solutions Ltd. | — | Current | — |
| IOG Resources | — | Current | — |
| Island Energy Services | — | Current | — |
| Lamons | — | Current | — |
| Lindsey Systems | — | Current | — |
| Palmdale Solutions | — | Current | — |
| Plains All American Pipeline, L.P. | — | Current | — |
| Refuel | — | Current | — |
| Texas American Resources Company II, LLC | — | Current | — |
| Trillium Flow Technologies | — | Current | — |
| Venterra Group Plc | — | Current | — |
| Vitesse Energy, Inc. | — | Current | — |
| Vitesse Energy, Inc. (Formerly Lucero Energy Corp.) | — | Current | — |
| WGI | — | Current | — |
Source: www.firstreserve.com/portfolio
Sources
- Wikipedia Wikipedia/Wikidata · public reference
- Firm website Firm website · primary public source
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