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First Reserve Corporation
Private EquityModerateBased in Connecticut, U.S., First Reserve Corporation is a private equity and infrastructure investment firm focused on the energy industry.
8
Investments
10
Exits
$35B
AUM
125.0%
Exit Rate
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Investment Thesis & Strategy
First Reserve Corporation, a private equity firm, invests in various stages of energy industry companies, leveraging its expertise to drive growth and profitability in the climate and energy sectors.
Investment Activity
Deals per year over the last 14 years
2
20064
20070
20080
20091
20100
20110
20120
20130
20142
20151
20160
20171
20181
2019Portfolio Companies
Selected investments from their portfolio of 8 companies
V
Vineyard Wind
Cleantech · Growth, 2019
T
Talos Energy
Other · Growth, 2018
D
Deepwater Wind
Cleantech · Growth, 2016
S
Sunnova Energy International
Cleantech · Growth, 2015
T
TerraForm Power
Cleantech · Growth, 2015
C
Crestwood Equity Partners
Other · Growth, 2010
A
Abraxas Petroleum
Other · Growth, 2007
B
Broadwind
Cleantech · Growth, 2007
E
Energy Transfer Partners
Other · Growth, 2007
S
Superior Energy Services
Other · Growth, 2007
S
Seadrill
Other · Growth, 2006
N
NRG Energy
Cleantech · Growth, 2006
Notable Exits
CompanyTypeYearValue / Acquirer
Deepwater WindAcquisition2018—
TidewaterAcquisition2018—
Wood Group MustangAcquisition2017—
Vine Oil & GasAcquisition2014$2.1B
Patriot DrillingAcquisition2011—
Energy AlloysAcquisition2011—
Cheniere Energy PartnersIPO2010—
Broadwind EnergyIPO2007—
SeadrillIPO2005—
Crestwood Equity PartnersIPO2004—
Frequently Asked Questions
First Reserve Corporation focuses on Series B, Series C+ stage investments.