Riverstone Energy

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Riverstone Energy Limited (LSE: RSE) is a Guernsey-domiciled, closed-ended company which invests in energy companies and assets worldwide. Established by Riverstone Holdings in 2013, the company's investment manager is Riverstone International Limited, which is majority-owned and controlled by affiliates of Riverstone. Riverstone is an energy and power-focussed private investment firm founded in 2000 by David M. Leuschen and Pierre F. Lapeyre with approximately $41 billion of capital raised. Riverstone conducts buyout and growth capital investments in the E&P, midstream, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London, Houston, Mexico City, Amsterdam and Menlo Park, the firm has committed approximately $43 billion to over 200 investments in North America, Latin America, Europe, Africa, Asia and Australia.[1]

REL was the subject of a £760m initial public offering in October 2013.[2] It is listed on the London Stock Exchange.[3]

In January 2021, REL made two decarbonisation investments in Loanpal, LLC and FreeWire Technologies, Inc.[4][5] In February 2021, REL announced additional commitments to Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB), via a private placements, and to Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRNU), via an initial public offering.[6][7]

Corporate Governance[]

As of December 2020, REL operates with a fully independent board of directors. REL has also committed to a new modified approach to investing, which includes a focus on energy transition and decarbonisation opportunities.[8]

References[]

  1. ^ "Annual Report and Accounts". Riverstone Energy Limited. Retrieved 5 March 2021.
  2. ^ "Riverstone Energy confirms London IPO raising £760mln". Proactive. 24 October 2013. Retrieved 21 December 2019.
  3. ^ "Riverstone Energy". London Stock Exchange. Retrieved 5 March 2021.
  4. ^ "Commitment of $25 million to Loanpal, LLC | Riverstone Energy Limited". www.riverstonerel.com.
  5. ^ "Commitment of $10m to FreeWire Technologies, Inc. | Riverstone Energy Limited". www.riverstonerel.com.
  6. ^ "REL to invest $10 million in DCRB PIPE Transaction | Riverstone Energy Limited". www.riverstonerel.com.
  7. ^ II, Decarbonization Plus Acquisition Corporation. "Decarbonization Plus Acquisition Corporation II Completes Initial Public Offering". www.prnewswire.com.
  8. ^ "Annual Report and Financial Statements | Riverstone Energy Limited". www.riverstonerel.com.
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