First Reserve Corporation

Industry:	Investment Banking, Brokerage
Revenues:	$218.2 Million
Employees:	6,484

Description

First Reserve is the leading private equity firm specializing in the energy industry. Throughout its 25-year history, First Reserve has developed an unparalleled franchise by investing exclusively in the energy industry and utilizing its broad base of specialized industry knowledge to the benefit of its portfolio companies and investors. First Reserve believes that strategic diversification across a wide range of energy industry sectors has been a major contributor to the long-term, superior investment record achieved by the First Reserve funds across economic cycles.

First Reserve is an independently owned firm whose current management team, in place since 1983, collectively has more than 300 years of energy investment experience. First Reserve's most recent partnership, First Reserve Fund XI, closed with approximately $8 billion in July 2006. First Reserve funds have completed principal transactions with an aggregate total value of over $12 billion. In addition, First Reserve portfolio companies have completed more than 270 add-on transactions.

First Reserve generally targets investments in global energy companies with enterprise values of up to $10 billion. First Reserve's investor base is predominately institutional and consists primarily of corporate and public retirement funds, sovereign wealth funds, endowments and foundations.

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News Archive

Maybin is ferry hopeful Belfast Telegraph; 7/16/2009 ...the Open was required. Alexander Noren is the current first reserve but with Bubba Watson reporting ill yesterday, the...McDowell and Vijay Singh. Maybin would then take over as first reserve. Americans John Rollins and Scott Piercy were originally... ...more

Maybin wild goose chase Belfast Telegraph; 7/16/2009 ...presence at the Open was required. Alexander Noren was first reserve but with Bubba Watson reporting ill yesterday, the...in the field. Maybin would then have taken over as first reserve. Americans John Rollins and Scott Piercy were originally... ...more

McGowan forced to play a waiting game; PORTS S HORTS.(News) Western Mail (Cardiff, Wales); 11/3/2009 ...HSBC Champions event in Shanghai. McGowan is now up to first reserve after the withdrawal of Masters champion Angel Cabrera...spot opened by that went to the Asian Tour and their first reserve was Thailand pro Chapchai Nirat. ...more