equity energy & power founded 2000 founder pierre f. lapeyre jr. david m. leuschen headquarters 712 5th avenue new york new york united statest products leveraged buyout growth capital total assets 33 billion number of employees 100 website www.riverstonellc.com riverstone holdings is a private equity firm based in new york city established in 2000 focused on leveraged buyout and growth capital investments in the energy industry and electrical power industry sectors . the firm focuses on oil and gas exploration midstream pipeline electric generation energy and power services as well as energy and power technology and also invests in renewable energy infrastructure and technology . contents 1 history 2 controversies 3 operations 4 references 5 other sources history edit riverstone was founded by pierre f. lapeyre jr. 1 and david m. leuschen who had been instrumental in the formation of the goldman sachs global energy & power group in the mid 1980s . 2 the firm is based in new york and has offices in london and houston . riverstone and carlyle closed on their first fund with 222 million of commitments in 2001 . in june 2004 the firms completed fundraising for carlyle riverstone global energy & power fund ii with 1.1 billion of investor commitments almost five times the size of the first fund . in 2006 riverstone and carlyle raised a pair of funds including the third in its series of main funds carlyle riverstone global energy and power iii which raised 3.8 billion of capital . the two firms also raised their first renewable energy focused fund carlyle riverstone renewable energy infrastructure fund i with 685 million . 3 history of private equity and venture capital early history origins of modern private equity the 1980s leveraged buyout boom the 1990s leveraged buyout and the venture capital bubble the 2000s dot com bubble to the credit crunch v t e also in 2006 riverstone was a member of a consortium of private equity firms including goldman sachs capital partners and carlyle group that completed the 27.5 billion including assumed debt acquisition of kinder morgan one of the largest pipeline operators in the us . the buyout was backed by richard kinder a former president of enron . 4 in 2008 riverstone and carlyle raised 6 billion for their fourth main energy fund riverstone carlyle global power & energy fund iv . additionally in 2008 the firms raised a 3.4 billion riverstone carlyle renewable energy infrastructure fund ii as a successor to the 685 million fund raised in 2006 to focus on renewable energy investments . 5 6 controversies edit in 2009 the new york attorney general andrew cuomo ordered riverstone holdings llc to pay 30 million in restitution after riverstone holdings employed fixers to get them business from pension funds controlled by corrupt state officials . 7 in december 2014 cobalt international energy a company founded by riverstone holdings and goldman sachs was alleged to have bribed angolan officials to obtain oil drilling rights . riverstone holdings are a defendant in the case . 8 the securities and exchange commission and united states department of justice are also investigating the case . 9 operations edit in 2016 riverstone and carlyle have six main funds focused on buyouts in energy 10 with approximately 34 billion of raised capital . 11 references edit p. f. lapeyre jr.and miss hodgesto wed in march . nytimes.com . 1989 11 19 . retrieved 2016 05 21 . did goldman goose oil forbes april 13 2009 archived copy . archived from the original on july 8 2011 . retrieved october 6 2009 . mouawad jad . kinder morgan agrees to an improved buyout offer led by its chairman . the new york times august 29 2006 . centopani paul 2016 05 16 . buyouts archive pe hub . buyoutsnews.com . retrieved 2016 05 21 . archived copy . archived from the original on september 30 2011 . retrieved august 30 2011 . pay to play scandal in ny nabs another investment firm . abc . 11 june 2009 . retrieved 1 august 2016 . oil shareholders steamed at alleged bribery . courthouse news service . 2 december 2014 . retrieved 2 august 2016 . cobalt discloses fcpa probe over angola links . wall street journal . 21 february 2012 . retrieved 2 august 2016 . riverstone raises 7.7 billion for energy fund . reuters . 19 june 2013 . retrieved 3 august 2016 . extol energy formed to pursue power investment opportunities with riverstone holdings . 19 april 2016 . retrieved 2 august 2016 . other sources edit williams to sell control of energy unit for 1.1 billion . the new york times tuesday april 22 2003 carlyle riverstone power up with 4.5 b for two funds firms add more public pensions to lp base . the new york times private equity week april 10 2006 lord browne s renewable career . business week october 17 2007 retrieved from https en.wikipedia.org w index.php title riverstone holdings & oldid 742906549 categories private equity firms of the united statesenergy companies of the united statespower companies of the united statescorruption in 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 add links this page was last modified on 6 october 2016 at 15 18 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile 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