First Reserve Promotes Three Senior Investment Professionals

Dec 22 2016 | 9:06pm ET

First Reserve, a global private equity and infrastructure investment firm focused exclusively on energy, has promoted three senior investment professionals.

Matthew Raben has been promoted to managing director. Raben joined the firm in 2006 and has played an important role both for the Infrastructure Funds as well as the broader First Reserve organization, the company said. He has made significant contributions to structuring, due diligence review, negotiation of deal documentation and advising on legal issues. In his new role, Raben will continue to focus on firm-wide legal related matters, with a particular focus on the Infrastructure Funds. 

Tim Vincent has also been promoted to managing director. He joined the firm in 2011 and has made significant contributions to the success of First Reserve’s energy infrastructure program. Going forward, Vincent will continue to focus on proactive capital markets opportunities and management on behalf of the Infrastructure funds’ diverse portfolio. 

All three executives are based out of the company’s Greenwich, CT, offices. Their promotions will become effective January 1, 2017.

“I am extremely proud of our team and believe these promotions reflect a group with deep talent and a strong work ethic,” said Mark Florian, head of infrastructure funds for First Reserve, in a statement. “Together, we are dedicated to continue working on behalf of our portfolio companies and Limited Partners, and we are pleased to recognize this diligence and level of achievement.”

Founded in 1983, First Reserve is one of the largest global private equity firms engaged solely in the energy sector. The firm has raised approximately $31 billion of aggregate capital since inception and completed around 600 transactions spanning the energy spectrum from upstream oil and gas to midstream and downstream, resources, equipment, services and infrastructure.

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