NIBC’s Ruijs switches to First Reserve

Eduard Ruijs, a former partner at the NIBC European Infrastructure Fund, has joined the London office of energy specialist First Reserve as a director. The move is part of a double hire, which sees ex Macquarie executive Ed Fidler join alongside Ruijs.

First Reserve Corporation, the Greenwich, Connecticut-based energy and natural resources investor, has made a double hire for its infrastructure investment team in London, which is headed by former 3i executive John Barry. 

Eduard Ruijs joins from NIBC Infrastructure Partners in London, where he was an investment director and partner and was involved in investing the NIBC European Infrastructure Fund, a €350 million fund focusing on Germany, the UK, Belgium, the Netherlands and Luxembourg.

Prior to joining NIBC, Ruijs was a principal in the European Energy Practice at the Boston Consulting Group, also in London. He has experience in conventional and renewable power generation, energy distribution and storage infrastructure.

Also joining the First Reserve London team is Ed Fidler, who was an associate director of Macquarie Capital Funds where he focused on European infrastructure. Before that, he was a strategy manager at AMEC, the UK-based consultancy and engineering firm. Fidler joins First Reserve as a vice president.

First Reserve, which manages a $9 billion private equity fund, closed its debut energy infrastructure fund on $1.2 billion in May this year. According to InfrastructureConnect, the fund’s investors include California State Teachers Retirement System, Maine Public Employees Retirement System and Teacher Retirement System of Texas. 

The energy infrastructure operation is headed by Connecticut-based managing director Mark Florian.