Pine Brook hires First Reserve pro

Former First Reserve director Craig Jarchow has been hired by Pine Brook Road, the New York firm led by former Warburg Pincus vice chairman, Howard Newman.

Pine Brook Road Partners is expanding its six-person team with the hire of Craig Jarchow as a managing director.

Jarchow was previously a director at First Reserve Corporation, an energy-focussed private equity firm he joined in 2004. Prior to that, he held various oil industry roles with Apache Corporation and Amoco Corporation. He is a also a senior lecturer at the Sloan School, a Fellow of the Geological Society of America, and serves on the Stanford School of Earth Sciences Petroleum Investments Committee.

Established last year, the energy- and financial services-focused Pine Brook Road is led by Howard Newman, former vice chairman of Warburg Pincus. Newman was with Warburg Pincus for 22 years.

Last month, Pine Brook Road in invested in Common Resources, a Houston-based start-up oil and gas exploration and production company.