Riverstone Holdings to float energy vehicle

The fund, Riverstone Energy, has a €500m target and will back firms in oil & gas and renewable energies, the Financial Times reported.

Goldman Sachs and JP Morgan are running the flotation.

Founded in 2000, the investor has approximately $25bn under management. With seven investment vehicles, the latest raised $7.7bn and has so far invested $2.3bn in 19 firms, backing eight repeat management teams.

In the UK, Riverstone injected $150m into oil & gas company Fairfield Energy in July last year.

Riverstone could not be reached for comment at this time. 

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