People | Private Equity | People-Promotion | Capital Markets | Private Equity Activity
First Reserve Announces New Executive Promotions
First Reserve announced the promotion of three senior investment professionals.
Mark Florian, Managing Director and Head of Infrastructure Funds for First Reserve, stated, "I am extremely proud of our team and believe these promotions reflect a group with deep talent and a strong work ethic. Together, we are dedicated to continue working on behalf of our portfolio companies and Limited Partners, and we are pleased to recognize this diligence and level of achievement."
The promotions become effective as of January 1, 2017, and include:
- Matthew Raben, promoted to Managing Director. Since joining the firm in 2006, Matt has played an important role both for the Infrastructure Funds as well as the broader First Reserve organization. He has made significant contributions to structuring, due diligence review, negotiation of deal documentation and advising on legal issues. As a Managing Director, Matt will continue to focus on firm-wide legal related matters, with a particular focus on the Infrastructure Funds. Prior to joining First Reserve, Matt was a Corporate Associate with Simpson Thacher & Bartlett LLP. He holds a B.A. from Dartmouth College and a J.D. from Stanford Law School. He is based in the Greenwich office.
- Tim Vincent, promoted to Managing Director. Since joining the firm in 2011, Tim has made significant contributions to the success of First Reserve's energy infrastructure program, with a key role in the Dublin Waste to Energy portfolio company and the evaluation and management of Capital Markets activities throughout the energy infrastructure portfolio. As a Managing Director, Tim will continue to focus on proactive capital markets opportunities and management on behalf of the Infrastructure funds' diverse portfolio. Prior to joining First Reserve, Tim was a Partner at Greentech Capital Advisors, a boutique investment bank focusing on the renewable energy and cleantech sectors. He holds a B.A. from the University of Connecticut and an M.B.A. from Columbia Business School. He is based in the Greenwich office.
- Tomas Peshkatari, promoted to Director. Since joining the firm in 2014, Tomas has been a key member of the portfolio company teams responsible for the Arrowhead, Los Ramones II and Mexico Clean Fuels Infrastructure investments. Tomas also has played an active role in junior talent sourcing and development efforts on behalf of the Firm. Prior to joining First Reserve, Tomas was a Vice President at The Carlyle Group, focusing on power and infrastructure transactions. He holds a B.A. from Macalester College and is based in the Greenwich office.
More People-Promotion News

Coterra Names Jordan CEO; Dinges Takes Chairman Role
Coterra Energy Inc. reported that the Company's Board of Directors appointed Thomas E. Jorden, its President and Chief Executive Officer, as Chairman of the Board effective January 1,…

Evolution Petroleum Taps New President & CEO
Evolution Petroleum announced that the Board of Directors has selected Kelly Loyd as President and Chief Executive Officer. Mr. Loyd had been serving as Interim CEO since June…

Magnolia Oil & Gas CEO Chazen Steps Down; Cites Health Reasons
Magnolia Oil & Gas Corp. announced that Christopher Stavros, the Company's current Executive Vice President and Chief Financial Officer, has been named President and Chief Executive Officer, and…

Devon Chairman Hager to Retire; Barbara Baumann Named to Top Spot
Devon Energy Corp. reported that the company's board of directors expects to appoint Barbara Baumann as chair of the board, succeeding Dave Hager, who has notified the board…

Continental Promotes Lawler to President & COO Role
Continental Resources, Inc. announced Doug Lawler is being promoted to President and Chief Operating Officer. Doug joined Continental in February as Chief Operating Officer and Executive Vice President…
United States News

A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…

EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…

New E&P Scores Capital; Heading To the MidCon Region
Company Overview 406 Energy, LLC is a newly formed, Houston-based upstream oil & gas development company launched in October 2025 with an initial equity commitment from NGP Natural…

2025 Forecast : Dangerous Time Ahead
This is the time of year when we share a clear view into how we’re thinking about what to expect for drilling and completion activity in 2025. To…

Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…