Asset manager hire for First Reserve

First Reserve Corporation has appointed Robert Hanna to its infrastructure investment team.

First Reserve Corporation has added a midstream sector professional with a lengthy management and operational résumé to its infrastructure investment team, the private equity firm said.

Thirty-year veteran Robert Hanna will work for First Reserve in Houston, the Texas metropolis globally recognized as an energy industry hotbed. First Reserve praised Hanna for his “extensive” electricity supply and generation experience.

In a statement, Mark Florian, head of infrastructure for First Reserve, noted the firm is “differentiated by much more than just exceptional financial acumen; we have deep operational expertise”.

Florian, who joined First Reserve in 2008 from Wall Street firm Goldman Sachs, was travelling and could not be made available for further comment.

Prior to signing on with First Reserve, Hanna had been a senior director of asset management for Consolidated Asset Management Services (CAMS), functioning as a portfolio manager.

Based in Houston, CAMS, founded in 2007, is a ‘value-added’ service provider, which will work with a private equity buyer to maximize its acquisition. CAMS did not respond to a voicemail message seeking additional comment about Hanna.

In addition to CAMS, Hanna had a 16-year stint with Reliant Energy—now NRG Energy—where he focused on asset optimization.

Headquartered in Greenwich, Connecticut, First Reserve Corporation is a $23 billion private equity firm focused on energy.

The firm is raising capital for First Reserve Energy Infrastructure Fund II, which has a $1.25 billion target.