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First Reserve is a leading global private equity investment firm exclusively focused on energy. With 40 years of industry insight, the Firm has cultivated an enduring network of global relationships and raised over USD $32 billion of aggregate capital since inception. First Reserve has completed over 750 transactions (including platform investments and add-on acquisitions), creating several notable energy companies throughout the Firm's history. Its portfolio companies operate on six continents in 40 countries, spanning the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services, and associated infrastructure. First Reserve invests in a broad range of segments within the energy industry including: (i) Oilfield Services, such as drilling service providers and wellhead equipment manufacturers; (ii) Energy Infrastructure and Power, such as firms that engineer LNG and natural gas processing facilities or produce power; and (iii) Energy Reserves, such as oil, natural gas, coal producers, as well as uranium, iron ore and other minerals. First Reserve's partnership, First Reserve Fund XI, closed with approximately $8 billion in July 2006. The firm generally targets investments in global energy companies with enterprise values of up to $10 billion.
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