Larrabee Steps Up at First Reserve: Promotion to Managing Director
People | Jan 14, 2025 | First Reserve Corporation
First Reserve, a leading private equity firm with a focus on the energy, utility, and general industrial sectors, has announced the promotions of three executives: Yuri Larrabee to Managing Director, and Wes Fischer and Jonathan Lee to Directors, effective January 1, 2025. The promotions are part of the firm's strategy to enhance its infrastructure solutions and value-added infrastructure investment strategies. Managing Partners of First Reserve have highlighted the significant contributions of Larrabee, Fischer, and Lee to the firm's recent momentum and success. With a history of significant capital raising and transaction experience, First Reserve continues to develop expertise in the evolving energy economy. Larrabee and Lee have been key in driving the firm's infrastructure solutions strategy, particularly in advancing companies such as Dresser Utility Solutions and Trillium Flow Technologies, while Fischer has significantly contributed to the value-added infrastructure strategies, including ventures like Refuel and the Crestwood Permian Joint Venture.
Sectors
- Private Equity
- Energy
- Utilities
- Industrial
Geography
- United States – The announcement was made from Stamford, Connecticut, and Houston, Texas, indicating First Reserve's base in the U.S.
Industry
- Private Equity – First Reserve is a private equity firm involved in the energy, utility, and industrial sectors.
- Energy – The firm focuses its investments on the energy sector, particularly in infrastructure solutions.
- Utilities – The investments made by First Reserve include components related to utility markets.
- Industrial – First Reserve's investment strategy also covers industrial markets, targeting innovation and complex solutions.
Financials
- $34 billion – The amount of aggregate capital raised by First Reserve since its inception.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| First Reserve | Private Equity Firm | Company | A leading global private equity firm specializing in energy, utility, and industrial investments. |
| Yuri Larrabee | Managing Director | Person | Recently promoted to Managing Director, focusing on infrastructure solutions investment strategy. |
| Wes Fischer | Director | Person | Promoted to Director, supporting infrastructure solutions and value-added infrastructure strategies. |
| Jonathan Lee | Director | Person | Promoted to Director, responsible for supporting infrastructure solutions strategy. |