First Reserve Corporation

First Reserve Corporation is a private equity firm specializing in leveraged buyouts and growth capital investments in the energy sector. First Reserve was founded in 1984 and is the oldest private equity dedicated to investments in the energy sector.. As of the end of 2007, First Reserve had approximately 55 employees across three offices in Greenwich, Connecticut, Houston, Texas and London, UK. The firm is currently investing out of its twelfth private equity fund First Reserve Fund XII LP, raised in 2008 with approximately $8.9 billion of investor commitments, which is the largest energy-focused fund raised to that point. Fund XI was raised in 2006 with $7.8 billion of investor commitments. Fund XI was more than $5.5 billion larger...