New York based private equity firm Pine Brook has added Richard Aube as a managing director focused on energy investing activities. Aube joins Pine Brook from DE Shaw & Co., where he was a managing director responsible for co-managing the firm’s North American private equity effort. Previously, Aube was a partner with JP Morgan Partners
Pine Brook, a New York based private equity firm that focuses on the energy and financial services industries, today announced that Richard Aube has joined the firm as a Managing Director. Together with the firm’s current energy partners, Mike McMahon, Oliver Goldstein and Craig Jarchow, Aube will be responsible for managing Pine Brook’s energy investing activities.
“The energy sector is ripe with opportunities, and we are excited to tap Rich’s more than 20 years of energy business investment experience,” said Howard Newman, Chief Executive Officer of Pine Brook. “Rich’s knowledge and insights will be an immediate asset to our team as we continue to build great energy businesses.”
Aube joins Pine Brook from DE Shaw & Company, a multi-strategy global investment firm with approximately $19 billion of capital under management, where he was a Managing Director responsible for co-managing the firm’s North American private equity effort. Previously, Aube was a Partner with JP Morgan Partners (JPMP), a multi-billion dollar private equity firm affiliated with JP Morgan Chase, where he focused on growth equity and buyout investments in the energy and industrial sectors. Prior to that, Aube was a Partner with the Beacon Group, an investment and advisory firm where he co-managed the firm’s energy funds.
Throughout his career Aube has led investments in and served on the boards of several energy companies, including Bill Barrett Corp., Capstone Turbine Corp., FirstWind Corp., Latigo Petroleum, and Proton Energy Systems.
“I am delighted to join Pine Brook’s energy team– representing more than a century of combined experience—which has already had great success applying its ‘business building’ model in the energy sector,” said Aube. “I look forward to working with the partners in identifying new investment opportunities, as well as collaborating with management teams in growing businesses to deliver long-term value to our investors.”
About Pine Brook
Pine Brook is a New York-based private equity firm that makes equity investments in new and growing energy and financial services businesses. Pine Brook partners with experienced entrepreneurs and talented management teams to build sustainable, profitable businesses.