private industry private equity founded 1984 headquarters greenwich connecticut united states houston texas united states london united kingdom key people william e. macaulay chairman & ceo products leveraged buyouts growth capital venture capital total assets 21.5 billion 1 number of employees 140 2010 website www . firstreserve.com 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 and largest private equity fund 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 . contents 1 investments 2 other notes 3 references 4 external links investments edit 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 . 2 fund xi was raised in 2006 with 7.8 billion of investor commitments . fund xi was more than 5.5 billion larger and three times the size of fund x which closed with 2.3 billion in 2004 . first reserve s fundraising has benefited from the recent focus on the energy industry in the broader market . in 2008 first reserve advanced its renewable energy investment program with the 261 million acquisition of gamesa solar . additionally first reserve committed 600 million to form a european renewable energy group with the ability to deliver solar capacity of up to 400mw in southern europe by 2012 . 3 among first reserve s most notable transactions in the traditional energy sector include pbf energy 2008 4 chc helicopter 2008 brand services 2007 5 dresser industries 2004 6 pride international 1999 7 enterra corporation 1994 8 other notes edit in september 2006 first reserve corporation chairman and chief executive officer william e. macaulay donated 30 million to the city university of new york the largest single donation in the history of cuny to endow the william e. macaulay honors college . in 2002 affiliates of the company helped establish alpha natural resources which has since become one of the largest us coal companies . references edit capital raised since inception in 1984 taylor james . first reserve raises record 8bn energy fund . dowjones financial news august 9 2006 . arnold martin . first reserve to invest 940m in solar energy . financial times april 28 2008 petroplus announces formation of growth vehicle for u.s. refinery acquisitions . first reserve . 27 february 2008 . first reserve buys infrastructure services co. buyouts january 22 2007 . rozhon tracie . buyout firm to acquire ingersoll rand unit . new york times august 26 2004 . acquisition of the sixth largest united states drilling company . company news ; pride to sell shares worth 75 million to first reserve . new york times may 6 1999 . company news ; enterra to acquire total energy services . new york times april 19 1994 . sorkin andrew ross ed . schlumberger and first reserve in talks to buy saxon . new york times dealbook april 22 2008 expro international group . saigol lina and pignal stanley candover courts oilfield operator expro . financial times march 1 2008 simon bernard first reserve lines up offer for chc helicopter . financial times february 22 2008 . external links edit first reserve corporation official website first reserve corporation profile businessweek dresser inc. profile hoovers.com v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies v t e largest private equity investment firms 3i group aac capital partners advent international alpinvest partners american capital apax partners apollo global management ares management bain capital bc partners berkshire partners the blackstone group bridgepoint capital candover the carlyle group ccmp capital cerberus capital management charterhouse capital partners cinven clayton dubilier & rice cvc capital partners doughty hanson & co encap investments eqt partners first reserve corporation fortress investment group general atlantic goldman sachs capital partners gtcr hellman & friedman h.i.g. capital jrk property holdings kkr trilantic capital partners leonard green & partners madison dearborn partners nordic capital oak investment partners oaktree capital management onex teachers private capital pacific equity partners pai partners permira providence equity partners sentinel capital partners silver lake partners summit partners sun capital partners ta associates terra firma capital partners thomas h. lee partners tpg capital warburg pincus welsh carson anderson & stowe private equity private equity firms venture capital firms portfolio companies retrieved from https en.wikipedia.org w index.php title first reserve corporation & oldid 648361021 categories private equity firms of the united states navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages espa ol edit links this page was last modified on 22 february 2015 at 19 09 . text is available under the creative commons attribution sharealike license ; 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