First Reserve forms $9 billion, energy-focused private equity fund; believed to be largest ever assembled

In Connecticut, First Reserve announced that it has formed what is believed to be the largest energy-focused private equity fund ever assembled, the $9 billion First Reserve Fund XII, L.P.  Fund. The global fund will make privately negotiated equity and equity-related investments in a diversified portfolio of companies in the global energy industry.

Law firm Simpson Thacher represented First Reserve in the establishment of the fund. First Reserve  invests exclusively in the energy industry from offices in Greenwich, London and Houston.

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