“Private equity is literally in the front seat” of today’s booming oil and gas market, according to Dan Revers, Managing Partner at energy-focused private equity firm ArcLight Capital Partners. While competition has increased as GP after GP has entered the energy space, the “opportunity set has exploded” for investing in energy assets.
In a fascinating conversation with Privcap, Revers discusses why his firm has moved away from power assets in favor of oil and gas opportunities, how more and more LPs are growing interested in the space, why energy investing requires a combination of different alterative investment strategies, what separates GPs with deep expertise from ones that are more likely to participate in auctions, why politics is his “least favorite risk,” and the perils of interstate pipelines.
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Mr. Revers is a co-founder of ArcLight and has 23 years of energy finance and private equity experience. Mr. Revers manages the Boston office and is responsible for overall investment, asset management, strategic planning, and operations of ArcLight and its funds. Prior to forming ArcLight in 2000, Mr. Revers was a Managing Director in the Corporate Finance Group at John Hancock Financial Services (“John Hancock”), where he was responsible for the origination, execution, and management of a $6 billion portfolio consisting of debt, equity, and mezzanine investments in the energy industry. Prior to joining John Hancock in 1995, Mr. Revers held various financial positions at Wheelabrator Technologies, Inc., where he specialized in the development, acquisition, and financing of domestic and international power and energy projects. Mr. Revers earned a Bachelor of Arts in Economics from Lafayette College and a Master of Business Administration from the Amos Tuck School of Business Administration at Dartmouth College.