First Reserve promotes seven senior team members

First Reserve, a private equity and infrastructure investment firm focused on energy, has promoted seven investment professionals across its global private equity and energy infrastructure teams.

The promotions become effective as of Jan. 1, 2016, and include the following:

Energy Infrastructure Funds

James Berner has been promoted to managing director. Since joining the firm in 2011, he has held leadership roles in First Reserve's investments in North American Power I (and its various follow-on investments), Fort Detrick Energy, and most recently Kingfisher Wind. Prior to joining First Reserve, he was a managing director at General Electric's Energy Financial Services division. He holds a Bachelor of Arts (BA) degree from Cornell University, a Master of Business Administration (MBA) degree from the Wharton School of Business, and a Master of Arts degree from the School of Advanced International Studies, Johns Hopkins University. He is based in the firm’s Greenwich, Connecticut, office.

Adi Blum has been promoted to managing director. Since joining the firm in 2011, he has most recently led the firm's investments with industry partners in Mexico, such as Los Ramones II and La Bufa Wind, and has led teams for the firm’s First Caribbean Power & Midstream and SunEdison Reserve investments. Blum led the coordination of the previously announced Mexico Energy Strategic Summit in April, an event for senior energy industry executives, co-hosted by Petroleos Mexicanos (Pemex) and Tudor Pickering, Holt & Co. Prior to joining First Reserve, Blum worked at High Road Capital Partners, a middle market private equity firm. He holds a Bachelor of Science degree from Georgetown University, School of Foreign Service, and an MBA degree from New York University. He is based in the Greenwich office.

Ryan Shockley has been promoted to managing director. He originally joined First Reserve's Private Equity Funds as an associate in 2004, returning as a vice president in 2008 after earning his Master of Business Administration degree. For the Private Equity Funds, he focused primarily in the power and equipment, manufacturing, and services sectors, and was a member of the team that executed the PrimeLine Utility Services investment for First Reserve Fund XII. In 2014, he moved to the Energy Infrastructure Funds where he led the firm's efforts with FR Warehouse and other investment opportunities. He holds a BA degree from Kalamazoo College and an MBA degree from Kellogg School of Management at Northwestern University. He is based in the Greenwich office.

Ed Fidler has been promoted to director. Since joining the firm in 2011, he has been a member of the energy infrastructure teams for Renovalia Reserve, PetroFirst Infrastructure Ltd., and La Bufa Wind. Fidler has also led the firm's process for managing currency and other hedging programs across its Energy Infrastructure Funds. Before joining First Reserve, he worked on behalf of Macquarie's European Infrastructure Funds. He holds a Bachelor of Applied Science degree from the University of British Colombia, and is a CFA Charterholder. He is based in the London office.

Private Equity Funds

Peter Petrov has been promoted to director. He joined First Reserve in 2007 as an associate and returned as a vice president in 2012 after earning his MBA degree. He has contributed to First Reserve's efforts in the Equipment and Services sector, as well as in the Resources sector, and worked on portfolio investments Ansaldo, Abengoa, and Glencore. Prior to joining First Reserve, Petrov was an investment banking analyst at Credit Suisse. He holds a Bachelor of Business Administration (BBA) degree from Texas Christian University and an MBA degree from London Business School. He is based in the London office.

Michael Scardigli has been promoted to director. He joined First Reserve in 2008 as an associate and returned as a vice president in 2012 after earning his MBA degree. Scardigli has contributed to First Reserve's efforts in the Equipment and Services sector, and worked on portfolio investments Dresser, Acteon, Dixie Electric, and Diamond S Shipping. Prior to joining First Reserve, he was an investment banking analyst at Citigroup. He holds a BA degree from Georgetown University and an MBA degree from the Wharton School of Business. He is based in the Greenwich office.

Juan Diego Vargas has been promoted to director. He joined First Reserve in 2007 as an associate and returned as a vice president in 2012 after earning his MBA degree. Vargas has contributed to First Reserve's efforts in the Equipment and Services sector, as well as the Resources sector, and has worked on portfolio investments CHC Helicopter, PrimeLine Utility Services, and Barra Energia. Before joining First Reserve, he was an investment banking analyst at Morgan Stanley. Vargas holds a BBA degree from the University of Notre Dame and an MBA degree from London Business School. He is based in the Houston office.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...