First Reserve Promotes Three

First Reserve Corp. has promoted Rahman D'Argenio, Jeff Quake and Josh Weiner to the position of Director.



First Reserve Corporation, the largest energy-focused private equity firm, today announced three key promotions, with Rahman D'Argenio, Jeff Quake and Josh Weiner named as Directors. 


William E Macaulay, Chairman and CEO of First Reserve Corporation, said, “Each of these executives has made an outstanding contribution to our strong growth in the global energy sector. Together they demonstrate the high level of talent we foster at First Reserve.”


Rahman D'Argenio, who joined First Reserve in July 2003, is particularly focused on deal origination, structuring and monitoring with an emphasis in the power, energy related financial services and infrastructure sectors.  He has played an integral role in several of First Reserve's transactions including INGENCO, Petrel Re, GenPower, Sirocco Re, Sideris Re, Alpha Natural Resources and Foundation Coal.  Prior to joining First Reserve, D'Argenio was an Associate in the Energy & Utilities Group at Deutsche Bank. 


Jeff Quake, who has been with First Reserve since 2005, also focuses on deal origination, structuring and monitoring with particular emphasis in the infrastructure and related sectors.  Since joining First Reserve, he has worked on, among other transactions, Refinery Services, Acteon, Dresser Inc and Brand Energy & Infrastructure Services. Prior to joining First Reserve, Quake was an Associate at J.P. Morgan Partners.


Josh Weiner, who joined First Reserve in 2006, helps direct First Reserve's capital market activities both in existing portfolio companies and new investments.  Weiner has played a key role as a capital markets specialist with a number of First Reserve portfolio companies including Dresser Inc., Brand Energy & Infrastructure Services, Acteon and Genpower's Longview power plant, as well as the current proposed Abbot transaction.  Prior to joining First Reserve, he was an Associate in the Capital Markets Group at Warburg Pincus LLC. 




About First Reserve


First Reserve is the leading private equity firm specializing in the energy industry with over $12.5 billion under management. The firm is currently investing from its most recent fund which closed in 2006 at approximately US $8 billion. Throughout its 25-year history, First Reserve has developed a strong franchise of investing exclusively in the energy industry, utilizing its broad base of specialized industry knowledge. First Reserve believes that strategic diversification, across a wide range of energy industry sectors has been a major contributor to the long-term, superior investment record achieved by the First Reserve Funds.


First Reserve is an independently owned firm whose current management team, in place since 1983, has more than 350 years of energy investment experience.