First Reserve Expands its Base of Asset Managers

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Jun 05, 2015, 08:35 ET

GREENWICH, Conn. and HOUSTON and LONDON, June 5, 2015 /PRNewswire/ -- First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy, today announced it had enhanced its team of asset managers with the addition of 30-year industry veteran Luke O'Keefe to the Firm's energy infrastructure team. First Reserve currently has over US$4 billion dedicated to investing in energy infrastructure opportunities.

Mr. O'Keefe comes to First Reserve from General Electric's ("GE") Energy Financial Services business, where he was the Vice President of Technical Risk, serving as the US and European technical leader for the underwriting, construction and management of power projects. He has an extensive background with both renewable and conventional power facilities, having led the technical and commercial work for over US$6 billion in such assets over the past several years. Prior to GE, Mr. O'Keefe worked at Texaco Inc. (now Chevron Corporation) for many years as well as Union Carbide, focusing on the technical and commercial aspects of developing and operating power plants as well as other related projects.

Mark Florian, Head of Infrastructure Funds, stated, "One of the differentiating features of First Reserve's energy infrastructure investment effort has always been, in our opinion, the depth and strength of our dedicated team. Through what we consider to be a best-in-class team of individuals, we have been able to act as a strategic investment partner on behalf of both our corporate counterparties and our investors. We are excited to have Luke on board and expect that leveraging his long history of asset management will continue to enhance our portfolio."

Mr. O'Keefe joins the energy infrastructure investment team in the Greenwich, Connecticut office of First Reserve.

About First Reserve

First Reserve is the largest global private equity and infrastructure investment firm exclusively focused on energy. With over 30 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised more than USD $30 billion of aggregate capital since inception. Putting these to work, First Reserve has completed more than 550 transactions (including platform investments and add-on acquisitions) on six continents. Its portfolio companies span the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services and infrastructure. Visit us at www.firstreserve.com for more information.

SOURCE First Reserve