Riverstone Holdings, the energy-and-power-focused private equity firm, has hired a seasoned team of energy-focused leveraged finance professionals who will spearhead the firm’s expansion into credit and capital markets activities, sources said. The team is comprised ofChristopher Abbate, Jamie Brodsky, and Daniel Flannery.
Abbate, who joins Riverstone as a managing director and will lead the new team, has spent his entire 17-year career financing energy companies, mainly in the leveraged capital markets. Prior to joining Riverstone, Abbate was a managing director and head of energy leveraged finance at Citigroup. Brodsky joins Riverstone as a managing director and Flannery joins as a vice president; both had previously worked at Nomura Securities International.
Prior to their respective roles at Citigroup and Nomura, Abbate, Brodsky and Flannery worked together on the energy leveraged finance team at UBS Investment Bank, where Abbate was also head of leveraged finance origination, sources said.
Based in Riverstone’s New York office, the team is exploring opportunities to make credit investments from the Riverstone platform as well as advise Riverstone portfolio companies and select third-party clients on capital structure optimization and access to the capital markets, sources said.
Riverstone is an energy-and-power-focused private investment firm founded in 2000 by David M. Leuschen and Pierre F. Lapeyre, Jr., with approximately $27 billion of equity capital raised. Riverstone conducts buyout and growth capital investments in the exploration & production, midstream, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London, Houston and Mexico City, the firm has committed approximately $26.1 billion to 108 investments in North America, Latin America, Europe, Africa, and Asia. – Staff reports