First Reserve Closes Fund XII at $9 Billion
April 21, 2009- Share:
Energy-focused private equity investor First Reserve has closed its twelfth fund at $9 billion. The fund is the largest it has ever raised, $1 billion higher than its eleventh fund, which closed in 2006, and $6.7 billion more than its tenth fund, which closed in 2004. Recent investments include a $300 million equity investment in Osage Bio Energy and the platform investment in Accord Nuclear Resources.
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