Saturday, 28 March 2015
Last updated 19 hours ago
Sep 8 2006 | 12:00am ET
Private equity firm First Reserve Corporation, which specializes in the energy industry, has closed its latest global private-equity fund, First Reserve Fund XI, with commitments of $7.8 billion. Fund XI is the largest fund ever raised by the firm, which claims that it is the largest of its kind focused exclusively on the global energy industry.
First Reserve has raised more than $12.7 billion for its private-equity buyout-focused funds.
Fund XI’s primary focus is expected to be on equipment, manufacturing and service companies that will benefit from increasing energy infrastructure spending as well as infrastructure assets. The firm’s previous fund, First Reserve Fund X, has $2.3 billion in commitments and is expected to be fully committed at the beginning of the fourth quarter.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…