19th May 2014 15:39
(Clarifying, in an item published May 19, 2014 at 1306 that Riverstone Holdings has commenced fundraising. The correct version follows.)
LONDON (Alliance News) - Riverstone Energy Ltd Monday said private equity firm Riverstone Holdings has started fundraising for its Riverstone Global Energy and Power Fund VI, which has a target size of USD7.5 billion.
The closed-ended investment company said the fund will pursue investments in the energy industry, including in exploration & production, midstream, energy services and the power & coal sub-sectors.
Riverstone Energy invests exclusively in the global energy industry.
To date, it has invested in five energy companies spanning conventional and unconventional oil and gas activities in the Gulf of Mexico, the continental US, and western Canada.
Riverstone Energy shares were up 1.5% at 905.00 pence Monday afternoon.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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