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Energy-focused Riverstone eyes capital markets expansion with three new recruits

11 Jul 2014

JordanaUS private equity firm Riverstone Holdings has hired three leveraged finance professionals to lead the firm’s expansion into credit and capital markets.

The new team is comprised of Christopher Abbate, Jamie Brodsky, and Daniel Flannery.

Team leader Abbate, joins Riverstone as a managing director. He has 17 years’ experience financing energy companies, mainly in the leveraged capital markets. Before joining Riverstone, he was a managing director and head of energy leveraged finance at Citigroup.

Brodsky also joins Riverstone as a managing director and Flannery as a vice president, with both joining the firm from Nomura Securities International where Brodsky was managing director and head of energy leveraged finance and Flannery was an adviser.

The three new recruits previously worked together on the energy leveraged finance team at UBS Investment Bank where Abbate was head of leveraged finance origination.

In a joint statement Riverstone co-founders David Leuschen and Pierre Lapeyre said that the new team “will not only broaden Riverstone’s focus to include investments in energy and power-related credit investments, but also complement the activities of our buyout professionals, helping to further maximize value in our existing and future portfolio companies.”

This week Riverstone announced it had merged assets with fellow private equity firm KKR to increase its coverage of Texas’ Barnett Shale under a new company called Trinity River Energy.

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