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Riverstone forms energy credit team

Riverstone Holdings has formed a team of energy-focused leveraged finance professionals to lead the firm’s expansion into credit and capital markets activities. The team includes Christopher Abbate, former managing director and head of energy leveraged finance at Citigroup; Jamie Brodsky and Daniel Flannery, who both join Riverstone from Nomura Securities International. All three also worked together on the energy leveraged finance team at UBS.

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Rigby Group appoints head of M&A

Rigby Group has appointed investment banker Edouard Carlone as its new head of M&A. Carlone joins the group from UBS, where he specialised in M&A and corporate development for the past 14 years.

stealing
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Monroe fires Woo for allegedly taking confidential info; Woo fires back

Monroe Capital LLC is suing Warren Woo, a former managing director, for allegedly stealing information to help launch a rival firm, Breakaway Capital. In response, Woo called the suit a “direct retaliation” for his complaints about management and said the firm knew of his desire to leave for several months

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Landmark hires new principal for NYC office

Private equity firm and real estate secondary manager Landmark has named Jarrett Vitulli as a principal. Previously, Vitulli, who will be based in the firm’s New York City office, worked at UBS where he was a managing director.

First Read April 1
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peHUB First Read

This morning First Read brings you links to a new investment approach from family offices, ten tips for launching your first private equity fund, CPP Investment Board recruiting in New York and a directory of biotech-focused VC firms.

Leveraged Finance Fights Melanoma fundraiser set for May 20

The Leveraged Finance Fights Melanoma networking and fundraising event is set for May 20th from 6:30 p.m. to 8:30 p.m. at The Sea Grill and Summer Garden at Rockefeller Plaza. LFFM is led by Jeff Rowbotton, KKR’s head of capital markets in the Americas, and Brendan Dillon, UBS managing director in global leveraged finance syndicate and financial sponsors. LFFM has raised more than $2 million for melanoma research since 2012.

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Cool Planet racks up $100 mln

Cool Planet Energy Systems has raised $100 million in Series D financing. The private placement was led by UBS and Goldman Sachs. North Bridge Venture Partners and Concord Energy were the lead investors. Also participating in the round were return backers BP, Energy Technology Ventures, Google Ventures and the constellation division of Exelon. Based in Camarillo, Calif., Cool Planet Energy Systems is a provider of solutions that convert non-food biomass into gasoline through mechanical and chemical processes.

UBS asset management head retires – Reuters

UBS said its operations chief Ulrich Koerner would run its asset management arm when its head retires next year, writes Reuters. The Swiss bank said Koerner would hold onto his job as head of Europe, the Middle East and Africa but would no longer be head of operations from January 1, when he replaces John Fraser as chief executive of asset management. In turn, the operations role will go to finance chief Tom Naratil, who adds it to his existing brief, writes Reuters.

shutterstock_99340109
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Energy Capital Gears Up For Fund III; To Offer European Waterfall

Energy Capital Partners, which has raised more than $8 billion for investments in the North American energy market, plans to launch its third core fund this year targeting in the neighborhood of $4.3 billion and offering an LP-friendly distribution waterfall, a source close to the fund told sister magazine Buyouts. Expect a formal unveiling as early as this summer.

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