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With energy demand rising, lifting costs skyrocketing and industry resources stretched thin, it's clear that the future of oil needs to look very different from its past.
For Carlyle / Riverstone Venture, First Reserve Corporation, Goldman Sachs Capital Partners, and KERN Energy Partners Management Ltd., investing in Cobalt is an opportunity to invest in a different vision of the world's energy future. They have embraced Cobalt's vision as the right alternative to 'business as usual,' thus offering the potential for great rewards. For Cobalt, being a privately funded company held by smart, far-sighted global financial institutions gives us the capital resources to do the job right and supports a business model that permits us to move quickly and decisively to seize opportunity and transform assets into value. Carlyle / Riverstone Venture The Carlyle Group and Riverstone Holdings are the co-general partners of Carlyle / Riverstone Global Energy Power Funds. Riverstone, a New York based energy and power focused private equity firm founded in 2000, has $4.5 billion under management. The Carlyle Group is one of the world's largest private equity firms with $35 billion under management and investments in more than 150 companies. Partnering, the firms have organized two funds with $222 million and $1.1 billion of equity commitments respectively. View Carlyle site View Riverstone site First Reserve Corporation First Reserve is the largest private equity firm specializing in the energy industry. Founded in 1982, the firm has over $12.5 billion of diversified energy investments under management. First Reserve has invested more than $3.5 billion in equity, completing 60 principal transactions valued at $10 billion. Another $5 billion of acquisitions have been completed by First Reserve portfolio companies. View site Goldman Sachs Founded in 1869, Goldman Sachs is one of the oldest and largest investment banking firms. Goldman Sachs is also a global leader in private corporate equity and mezzanine investing. Goldman Sachs' Principal Investment Area has formed 11 investment vehicles aggregating $26 billion of capital to date. View site KERN Energy Partners / Caisse de dépôt KERN Energy Partners is a Calgary-based independent private equity fund that makes investments in early stage and emerging energy companies. The Caisse de dépôt et placement du Québec is Canada's largest institutional fund manager, with in excess of $175 billion of assets under management. View site ![]() |
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