Royal Bank Capital Partners, the private equity arm of Royal Bank of Canada, has launched a $100-million fund that will invest in oil and gas, power and technology service companies. The fund is led by Paul McDermott, and comanaged by Bruce Rothstein, managing director, and Ray Sheen, director. Rothstein and McDermott were with First Reserve Corp., the Greenwich, Conn.-based private equity firm that invests exclusively in energy. Previously, Rothstein was executive vice president and chief financial officer of Entech Industries, a company formed by First Reserve to acquire and operate high-end valve manufacturers, and was with Ernst & Young as a senior manager specializing in mergers and acquisitions. Sheen was vice president of Deutsche Bank's energy group, a project finance director at Union Bank of Switzerland and held various positions, including vice president, in Lehman Brothers' independent power group. He was also with GE Capital, as an assistant vice president in the energy finance group. -Petroleum Finance Week
Recommended Reading
Apex Locks in Financing for North Carolina Wind Farm
2024-12-05 - Apex Clean Energy said commercial operations at a 189 megawatt wind farm are expected to begin by year-end 2024.
Matador Resources Credit Facility Upped by 30% to $3.25B
2024-12-04 - Matador Resources’ 19 lenders unanimously approved a 30% increase to the E&Ps borrowing base to $3.25 billion.
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
Exxon’s Upstream President Liam Mallon to Retire After 34 Years
2024-12-03 - Exxon Mobil’s board has appointed Dan L. Ammann, currently Exxon’s low carbon solutions president, to assume Liam M. Mallon’s roles.
EON Enters Funding Arrangement for Permian Well Completions
2024-12-02 - EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.