First Reserve, a global private equity and infrastructure investment firm focused on energy, has promoted Paul Steen and Doug Vaccari to vice president roles.
Since joining the firm in 2011, Steen has contributed in all three of First Reserve's Buyout Funds core activity areas – Resources, Equipment & Services, and Midstream/Downstream – with involvement in portfolio companies Templar Energy, TPC Group, Cobalt International Energy, and Brand Energy. Prior to joining First Reserve, Steen was an analyst in the Investment Banking Division, Global Energy Group, at Credit Suisse. He holds a Bachelor of Business Administration degree in finance from Texas A&M University. He is based in the Houston, Texas, office.
Vaccari has contributed to First Reserve's energy infrastructure team since joining the firm in 2011. Since that time, he has been involved in the contracted midstream space, including with portfolio companies such as Caliber Midstream Partners, First ECA Midstream, Fort Detrick Energy, and Navigator Energy Services. Before joining First Reserve, Vaccari was an analyst in the Investment Banking Division of UBS. He holds a Bachelor of Arts degree in economics from the University of Pennsylvania. Vaccari is based in Greenwich, Connecticut.