In 1977, after graduating from Dartmouth’s Tuck School of Business, David Leuschen moved to New York and started work at Goldman Sachs. After several years with the company, David was asked to specialize in energy. In 1982 he founded the Goldman Sachs Energy and Power Group and became the head of the group in 1985. David was responsible for expanding Goldman’s energy and power investment banking practice. Under his lead, it grew to be one of the industry’s leading franchises. In 2000, David Leuschen left Goldman after 22 years to start Riverstone Holdings, a private equity firm focusing on growth capital investments in the power and energy sectors. In the past 14 years, Riverstone has grown to be a leading investor in the conventional and renewable energy business. Some of the company’s latest news and press releases can be found below.

• Exelon Completes Sale of Maryland Coal Plants to Raven Power Holdings LLC

  Posted in North America, Press Releases.

  Chicago (Dec. 3, 2012) — Exelon today announced that it has completed the sale of its three Maryland coal-fired power plants to Raven Power Holdings LLC (“Raven Power”), a new portfolio company of Riverstone Holdings LLC. The sale fulfills Exelon’s commitment to divest the plants as part of its merger with Constellation. Under the agreement announced Aug. 9, 2012, Raven Power will maintain jobs with comparable pay and benefits for employees at the plants.…

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• Riverstone Holdings LLC and Kaiser Midstream to Invest up to $500 Million in Sage Midstream, LLC

  Posted in Natural Gas, Press Releases.

  Houston, New York, Tulsa (Sept. 5, 2012) – Sage Midstream, LLC (“Sage”) announced today that it has partnered with investment funds affiliated with Riverstone Holdings LLC (“Riverstone”), an energy and power-focused private equity firm, and Kaiser Midstream (“Kaiser”), an oil and gas midstream services company owned by George B. Kaiser, to form a new company with up to $500 million of equity commitments. Sage will pursue natural gas liquids (“NGL”) related midstream opportunities in North America’s liquids-rich production plays.…

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• Riverstone Holdings LLC Invests in Three Rivers Natural Resource Holdings II LLC to Acquire Assets in the Permian Basin

  Posted in North America, Press Releases.

  Austin and New York (Aug. 13, 2012) – Riverstone Holdings LLC (“Riverstone”) announced today that it has invested in Three Rivers Natural Resource Holdings II LLC (“Three Rivers II”), a new private upstream oil and gas company based in Austin, Texas. With this support, Three Rivers II executed a definitive agreement to acquire certain assets located in the Permian Basin of West Texas from Meritage Energy Company, LLC (“Meritage”). These properties include 15,000 net acres with current production of approximately 1,900 barrels of oil equivalent per day located in Howard, Glasscock, Martin, …

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• Agreement delivers on Exelon’s merger commitment to divest plants and preserve jobs

  Posted in North America, Press Releases.

  Chicago — Exelon today announced that it has reached an agreement to sell its three
  Maryland coal-fired power plants to Raven Power Holdings LLC (“Raven Power”), a new
  portfolio company of Riverstone Holdings LLC, fulfilling its commitment to divest the plants as
  part of its merger with Constellation. Under the agreement, Raven Power will maintain jobs with
  comparable pay and benefits for employees at the plants.…

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• Riverstone Seals $500 Million Natural Gas Deal

  Posted in North America, Press Releases.

  (July 20, 2012) – Riverstone Holdings will invest up to $500 million in Meritage Midstream Services II, a newly-formed company focused on natural gas gathering, transportation and processing in North America.…

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• Riverstone Holdings to Invest up to $500 Million in Meritage Midstream Services II

  Posted in North America, Press Releases.

  New York, NY and Golden, CO (July 18, 2012) – Meritage Midstream Services II LLC (“Meritage II”) announced today that it has partnered with Riverstone Holdings LLC (“Riverstone”), an energy and power-focused private equity firm, to pursue midstream opportunities in North America’s emerging resource plays. Riverstone will provide Meritage II with up to $500 million in private equity capital to focus on developing midstream systems to serve producers of natural gas and natural gas liquids (NGLs).…

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• Fairfield Energy to Receive $150 Million Equity Investment From Riverstone Holdings to Pursue Growth Opportunities in the North Sea

  Posted in Europe, Press Releases.

  Staines, Middlesex, UK, and New York, NY (July 5, 2012) – Fairfield Energy, the
  private, North Sea-focused independent oil & gas company, has agreed terms for a
  major new injection of equity from funds sponsored by Riverstone Holdings LLC, the
  energy and power-focused private equity firm. Riverstone will initially make a $150
  million equity commitment with the option of subscribing a further $200 million
  alongside future contributions from current investors led by Warburg Pincus.…

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• Apollo & Riverstone to Invest up to $600 Million in Talos Energy LLC, a New Oil & Gas Company

  Posted in Global Energy, Press Releases.

  New York and Houston (April 4, 2012) – Talos Energy LLC (“Talos”) today announced that it has partnered with investment funds affiliated with Apollo Global Management, LLC (NYSE: APO; collectively with its subsidiaries, “Apollo”) and Riverstone Holdings LLC (“Riverstone”), to form a new company with up to $600 million of equity commitments focusing on oil and gas opportunities in the Gulf Coast and Gulf of Mexico regions.…

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• Riverstone Holdings Makes Additional Investment in Three Rivers Natural Resource Holdings LLC to Significantly Expand its Position in the Permian Basin

  Posted in North America, Press Releases.

  Austin, TX and New York, NY (Jan. 20, 2011) – The Riverstone/Carlyle Global Energy and Power Funds, a group of energy-focused private equity funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that an additional investment was made in Three Rivers Natural Resource Holdings LLC (“Three Rivers”), a private upstream oil & gas company based in Austin, Texas. Separately, Three Rivers acquired certain assets located in the Permian Basin of West Texas and Southeast New Mexico from Samson Resources and its affiliates (“Samson”).…

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• Riverstone Holdings Closes the Acquisition of USA Compression

  Posted in North America, Press Releases.

  Austin, Dallas, and New York (December 23, 2010) – The Riverstone/Carlyle Global Energy and Power Funds, a group of energy-focused private equity funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that it has completed the acquisition of USA Compression Holdings, LP, the parent company of USA Compression Partners, LLC (“USA Compression” or the “Company”), a natural gas compression services company headquartered in Austin and Dallas, Texas. The terms of the transaction were not disclosed.…

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