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Year Founded: 2000

AUM: $16.8B | Dry Powder: $1.9B

712 5th Avenue, 36th Floor, New York, NY 10019, US

Founded in 2000 and based in New York, US, Riverstone Holdings LLC is a leading private equity investment firm. The firm seeks to invest in the energy services, software, and manufacturing sectors

Key Contacts

  • Pierre F. Lapeyre, Jr

    Co-Founder and Senior Managing Director

  • David M. Leuschen

    Co-Founder and Senior Managing Director

  • Peter Haskopoulos

    Chief Financial Officer

Investment Preferences

  • Preferred Industries

    Commercial Services, Energy Services, Exploration, Production and Refining, Other Financial Services, Software

  • Geographical Preference

    Africa, Americas, Asia, Australia, Europe

  • Preferred Deal Types

    Buyout/LBO, PE Growth/Expansion

  • Other Investment Preferences

    Prefers majority stake, Prefers minority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Riverstone Pattern Energy III
Vintage: 2020

Size: NA

Dry Powder: NA

Details: The fund targets investments in renewable energy assets

Riverstone Echo Continuation Fund
Vintage: 2020

Size: $988.6M

Dry Powder: $559.2M

Details: The fund consists of a total of 40 investors

Riverstone Pattern Energy II
Vintage: 2017

Size: NA

Dry Powder: NA

Details: The fund targets investments in the energy sector

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In December 2022, Clean Energy Fuels Corp., a provider of clean fuel for the transportation market, entered into a four-year $150 million sustainability-linked senior secured term loan with Riverstone Credit Partners L.P.

In May 2022, Infinitum Electric, a Texas-based creator of the sustainable, breakthrough air-core motor, secured $80 million in Series D funding from Riverstone Holdings. Infinitum Electric will use the financial package to vertically integrate and automate the production of its motors for the commercial and industrial market segments, and complete the development and commercialization of a traction motor for the rapidly growing electric vehicle market

In April 2022, Yotta Energy, a US-based energy storage solution provider, raised $16.5 million of Series A venture funding in a deal led by Wind Ventures. Riverstone Holdings, EDP Ventures, Doral Energy Tech Ventures, Altenergy Power Systems, Southwest Angel Network, Seed I Pod, and other undisclosed investors also participated in the round. The funds will be used to accelerate the scaling of its panel-level solar-plus-storage system and develop new technology

In March 2022, Anuvia Plant Nutrients, a provider of sustainable field-ready fertilisers for the agriculture, turf, and lawncare industries, secured $65.5 million in Series D funding led by Riverstone Holdings LLC and Piva Capital. Aliment Capital, Circularis Partners, Morgan Stanley Investment Management and LK Advisers also participated in the round

In March 2022, Summit Partners, Peabody Energy and Riverstone Holdings formed R3 Renewables, a joint venture company which operates as a renewable energy development company committed to developing and building grid-scale reliable renewable generation

In August 2021, Sicona Battery Technologies, a developer of lithium-ion battery materials, raised $2.73 million of seed funding in a deal led by Riverstone Holdings and Artesian Capital Management. Chaos Ventures, Bandera Capital, SDGx, and other undisclosed investors also participated in the round. The funds will be used to accelerate pilot manufacturing and commercial deployment of Sicona’s innovative battery materials

In January 2021, Lithium Royalty Corp, an operator of a battery royalty and streaming company received c.$71 million of development capital from Riverstone Holdings and Altius Minerals

In May 2019, Pattern Energy, backed by Riverstone Holdings, acquired two operating wind power facilities: the Henvey Inlet Wind facility in Ontario and the Grady Wind Facility in New Mexico. The purchase price was $293 million. The wind power facilities have PPA contract for 20 and 25 years, respectively

Other Details

Riverstone has raised nearly $40 billion of capital. It has committed to nearly 200 investments in North America, South America, Europe, Africa, Asia, and Australia. The firm operates from offices located in New York, Menlo Park, London, Houston, Mexico City and Amsterdam.

The firm’s latest open fund, Riverstone Bison Continuation Coinvestment is a secondary buyout fund managed by Riverstone Holdings. The fund is located in New York, US.

Abaco Energy Technologies, Access Industries, ACON Investments, AES, AMCI Group, Apollo Global Management, Azimuth Capital Management, BNP Paribas, Fieldwood Energy, First Reserve, Goldman Sachs Merchant Banking Division, Intermediate Capital Group, Kelso Private Equity, Lime Rock Partners, Magellan Midstream Partners, NGP, Pattern Energy Group, Riverstone Energy, SchindlerAM Ventures, Stallion Oilfield Services, The Carlyle Group and UBS Group are some of the co-investors who invest alongside Riverstone Holding.

Source: Pitchbook, Company Website, Press Release