First Reserve makes senior promotions

First Reserve, a global private equity and infrastructure investment firm exclusively focused on energy, has promoted two senior investment professionals within the Energy Infrastructure Funds team, both effective Jan. 1, 2015. The promotions are related to the firm's energy infrastructure program, which closed on its second fund in June. The fund was oversubscribed beyond its initial target of $2 billion, ultimately closing at its $2.5 billion hard cap.

Eduard Ruijs is being promoted to managing director. He has contributed to First Reserve's energy infrastructure program internationally since joining the firm in 2011. He contributed to First Reserve's efforts in the Contracted Midstream, Power and Energy Assets sectors, helping to spearhead First Reserve's recent investments in PetroFirst Infrastructure Ltd. alongside partner Petrofac and Dublin Waste to Energy with Covanta Energy. Prior to joining First Reserve, Ruijs was an investment director and partner at NIBC Infrastructure Partners. As a managing director, he will pursue global opportunities in the firm’s targeted areas of energy infrastructure investment.

Mark Saxe is being promoted to managing director. He has also contributed to First Reserve's energy infrastructure program since joining the firm in 2011. He has helped the firm's efforts in the Contracted Midstream sector, including the Caliber Midstream partnerships with Triangle Petroleum and First ECA Midstream with First ECA. Prior to joining First Reserve, Saxe was a director in the Corporate Development department of Loews Corp. As a managing director, he will pursue energy infrastructure investment opportunities in the Contracted Midstream space.

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