Platt River forms First River Energy

Platte River Equity said Tuesday it is partnering with three midstream energy industry executives to form First River Energy. Denver-based First River will buy and develop midstream assets for the gathering of crude oil, condensates, natural gas liquids (NGLs) and other related products. The executives include Johan Thematt, Jim Imbler and Chris Philpott. Platte River didn’t disclose how much it would invest in First River but capital will come out of its third fund, Platte River Equity III LP.

Top 10 Posts Tackle Terrible Startup Names, Energy Funds and Stepped Up M&A

Time to catch up on the stories your colleagues found most compelling on peHUB this week. Here are the top 10 posts that garnered the most pageviews from regular readers from Oct. 31 to Nov. 4.

ONE: Seven Terrible Startup Names, and One Really Great New Oneby Connie Loizos
TWO: Slideshow: 5 Top PE Firms In Energy & Power (subscribers only) – by Bernard Vaughan
THREE: M&A Is Heating up; Here Are the Top 10 VC-Backed M&A Deals for Q3 (slideshow)by Lawrence Aragon
FOUR: Shindig Photos: Lookin’ Good, San Francisco! (subscribers only) – by Lawrence Aragon
FIVE: Slideshow: After a Lull, Are IPOs Back on Track?by Jonathan Marino
SIX: Third Quarter’s Gloomy Headlines Aside, Venture Investing Shows Long Term Stability: Slideshowby Mark Boslet
SEVEN: Why VCs Should Be Startup CEOsby Steve Blank
EIGHT: Infographics: Where To Make The Big Bucks In PE/VCby David Toll
NINE: Here’s How VCs Did on Groupon Investment of ‘Like a Billion Dollars’ – by Lawrence Aragon
TEN: Flowers Stands to Lose Only $47.8M from MF Global, Source Saysby Luisa Beltran

Blackstone May Seek $3B for Energy Fund: Report

(Reuters) – Blackstone Group LP may be seeking as much as $3 billion for its first energy fund, a Bloomberg report said, citing two people with knowledge of the matter. The target tops those for natural-resources funds in the works at KKR and Co. LP and Apollo Global Management LLC, the report said, quoting its […]

Energy Powerhouse Eyes Asia Expansion

First Reserve Corp. is looking into an expansion into Asia, Managing Director Alex Krueger told sister magazine Buyouts.

The plans are in their earliest stages and no office openings or personnel changes are imminent, Krueger said.

Three spots where the Greenwich, Conn.-based firm is focusing for a possible office are Hong Kong, Beijing and Singapore, for now, Krueger said. “We are actively talking about what the best location is,” he said.

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