First Reserve adds to energy-focused private equity investment team

First Reserve Corp.

First Reserve Corp., a global investment firm dedicated to the energy industry, has promoted five senior investment team members within the Infrastructure and Buyout funds in Greenwich, Houston and London. The promotions become effective as of January 1, 2013 and include:

 

  • John Barry, promoted to managing director. Barry joined the firm in 2009. He remains instrumental in First Reserve’s Energy Infrastructure Fund (FREIF), is a member of the FREIF investment committee and manages the Renovalia Reserve investment. Previously, Barry was a director in Merrill Lynch’s infrastructure equity investment business. Prior to that, he was a director at international private equity firm 3i Group plc. He has been investing as a principal in private equity and infrastructure since 1996. He is based in the London office.

  • Alex Williams, promoted to managing director. Williams is involved in all areas of the worldwide natural resources industry, with particular expertise in mining and infrastructure related sectors. He joined the firm in 2008. Prior to First Reserve, Williams was a director at international private equity firm 3i Group plc. Before that, he worked at JP Morgan in the corporate finance and capital markets groups. He is based in the London office. 
  • Neil Wizel, promoted to managing director. Wizel plays a vital role in building the firm’s buyout investment capability in the downstream and oilfield service areas.  He serves on the board of directors of First Reserve portfolio companies’ PBF Energy, Saxon Energy Services and Deep Gulf Energy.  He will join the Board of TPC Group upon the completion of the transaction, expected later this month.  He joined First Reserve in 2007 from the Greenbriar Equity Group.  Prior to Greenbriar, he was a financial analyst in the leveraged finance/financial sponsor group at Credit Suisse First Boston. He is based in the Houston office.

  • Adi Blum, promoted to director.  Blum continues to serve a critical role in the management of two of the firm’s key FREIF investments, SunEdison Reserve and First Caribbean Power & Midstream.  He also serves as a member of the board of directors of the two companies.  He joined First Reserve in 2011 after a career at private equity firm High Road Capital Partners. Prior to that, he was with Citigroup Markets & Banking’s Mergers & Acquisitions group.  He is based in the Greenwich office.

  • Mark Saxe, promoted to director. Saxe has helped expand the firm’s presence in the midstream vertical as it relates to FREIF.  He currently serves as a member of the board of directors of First ECA Midstream and Caliber Midstream. He joined First Reserve in 2011 after several years at Loews Corp. where he was a director in the corporate development department.  While there, he helped build Boardwalk Pipeline Partners and HighMount Exploration & Production.  Prior to Loews, he was an analyst in the investment banking division at Lehman Brothers. He is located in the Greenwich office.



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