First Reserve, a private equity firm specialising in the energy industry, has announced the promotion of Chris Ortega to director.
First Reserve, a private equity firm specialising in the energy industry, has announced the promotion of Chris Ortega to director.
Ortega (photo) is one of the firm’s 67 investment professionals whose expertise covers all of the sub-sectors of the energy industry on a global basis.
Ortega joined First Reserve in 2007. His responsibilities range from deal origination and structuring to due diligence, execution and monitoring with particular focus on the mining and oil field service sectors of the global energy industry.
Prior to joining First Reserve, Ortega was a vice president at Greenhill Capital Partners. He has also worked at Lazard Freres as an analyst in the mergers and acquisitions department.
Ortega most recently worked on the DOF Subsea acquisition, which was closed last month, making it one of the few large investments made by a buyout firm in the fourth quarter of 2008.
William E. Macaulay, chairman and chief executive of First Reserve Corporation, says: ‘Chris has been an integral member of our deal team and has played a meaningful role in First Reserve’s growth and success. His outstanding contribution to the firm has helped First Reserve maintain the significant momentum that it has generated in the past Chris is a wonderful example of the high level of talent we have been able to attract and retain at First Reserve.’
