Investment Strategy

First Reserve’s investment strategy has been refined through decades of investing exclusively in the energy industry. We focus on theme-based investments in core segments of the energy industry where our team has deep knowledge.

Private Equity Funds

First Reserve’s Private Equity Funds often invest with a growth equity strategy, seeking value creation through a “buy and build” model. With a focus on aligning interests to achieve optimal risk-adjusted returns, we seek to back what we believe are industry-leading management teams.  The Private Equity Funds invest diversely across three core sectors:

  • Onshore / Offshore
  • Oil and Natural Gas exploration and production
  • Focus on lower-cost, unconventional opportunities
  • Often backing management teams repeatedly
  • Completion and Production
  • Manufacturing
  • Transportation and maintenance
  • Support of energy industry activity through utilization of technology and efficiency
  • Pipelines, gathering, processing
  • Shipping, storage, fabrication
  • Refining and petrochemical
  • Process and transport hydrocarbons from center of supply to center of demand

Raised over $32 billion of aggregate capital since inception