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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 41 -4.65%
of those in investment advisory functions 23 -37.84%
Registration SEC, Approved, 12/09/2005
AUM* 13,179,690,403 -20.19%
of that, discretionary 13,179,690,403 -20.19%
Private Fund GAV* 13,179,690,403 -20.34%
Avg Account Size 411,865,325 -30.17%
SMA’s No
Private Funds 32 4
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
27B 23B 19B 16B 12B 8B 4B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count32 GAV$13,179,690,403

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Brochure Summary

Overview

Founded in 2005, Riverstone Investment Group LLC (collectively with our affiliates, “we,” “our firm,” “the firm” or “Riverstone”) is an investment advisory services firm specializing in investment management for private equity funds. The sole owner of our firm is Riverstone Holdings LLC. Founders Pierre F. Lapeyre, Jr. and David M. Leuschen are the principal owners of and control Riverstone Holdings LLC indirectly through certain intermediate entities. Riverstone Investment Group LLC was formerly known as Riverstone Investment Services LLC. Our firm offers investment advisory services to private equity and credit funds (generally referred to in this Brochure as our clients or our funds) sponsored by Riverstone Holdings LLC or its affiliates and, with respect to certain funds, jointly with our joint venture partner, The Carlyle Group. We specialize in buyout, growth capital and other equity and debt investments in the energy and power sectors, and our advice encompasses most segments of the energy and power industry globally, including the following:
• exploration of oil and gas as well as other natural energy sources,
• midstream energy activities such as transportation and distribution of products and logistics associated with managing supply and demand across geographic regions and over time,
• electric generation (i.e., the conversion of raw materials, primarily coal, natural gas and crude oil derivatives, into electricity),
• energy and power service,
• renewable and alternative energy, including wind, biofuels, biomass, geothermal, hydroelectric, solar photovoltaic and solar thermal energy; and
• decarbonization, with a particular focus on grid flexibility and resilience, electrification of transport, agriculture and natural resource plays, next generation fuels and next horizon resource use plays. We oversee and manage certain of our existing sponsored investment funds, other investment vehicles and their investments through joint ventures with entities owned by The Carlyle Group. Specifically, these jointly sponsored investment funds are:
• Carlyle/Riverstone Global Energy and Power Fund III, L.P.;
• Riverstone/Carlyle Global Energy and Power Fund IV, L.P.;
• Riverstone/Carlyle Renewable Energy and Alternative Energy Fund II, L.P.; and
• Other investment vehicles associated with the foregoing funds. Our percentage ownership of the joint ventures with The Carlyle Group varies from fund to fund. The investment management functions for our existing jointly sponsored funds (other than anti-money laundering review) are shared between our firm and Carlyle Investment Management L.L.C., an SEC-registered investment adviser. Each of our existing jointly sponsored investment funds has an investment committee composed of members of our firm and The Carlyle Group. The investment committee agrees on investment strategies and portfolio investments. Our firm’s and The Carlyle Group’s representation
on the respective investment committees of our existing jointly sponsored investment funds varies from fund to fund. We also independently oversee and manage the following funds:
• Riverstone Global Energy and Power Fund V, L.P.;
• Riverstone Global Energy and Power Fund VI, L.P.;
• Riverstone Non-ECI Partners, L.P., a fund that invests alongside Riverstone Global Energy and Power Fund VI, L.P. and Riverstone Energy Limited in non-ECI generating investments;
• Riverstone Energy Limited, a registered close-ended collective investment scheme incorporated in Guernsey that is publicly traded on the London Stock Exchange;
• A Riverstone advised registered Mexican trust (identified as F/179432 with the ticker: RIVERCK15) that is publicly traded on the Mexican Stock Exchange (hereinafter referred to as “Riverstone Energy and Power CKD Trust”);
• A Riverstone advised registered Mexican trust (identified as F/18037-6 with the ticker: RSRENCK17) that is publicly traded on the Mexican Stock Exchange (hereinafter referred to as “Riverstone Renew CKD Trust”);
• Riverstone Pattern Energy II, L.P.;
• Riverstone Pattern Energy III, L.P.;
• Riverstone Echo Continuation Fund, L.P.;
• Riverstone Echo Rollover Fund, L.P.;
• Riverstone Bison Rollover Fund, L.P.
• Riverstone Bison Continuation Fund, L.P.;
• Riverstone Grizzly Continuation Fund, L.P.;
• Riverstone Nolan Continuation Fund, L.P.;
• Riverstone Amber Continuation Fund, L.P. (expected to launch in 2024); and
• Other investment vehicles associated with the foregoing funds. With respect to Riverstone Credit Partners, L.P., Riverstone Credit Partners II, L.P., Riverstone Credit Opportunities Income Plc and a series of other affiliated feeder vehicles, separately managed accounts and co-investment vehicles (collectively, the “Credit Funds”), we have engaged Breakwall Investment Advisor, LLC, an independent registered investment adviser (the “Breakwall” or “Sub-Adviser”) as sub-adviser to the Credit Funds. The Sub-Adviser performs advisory and related services for the Credit Funds under our supervision and oversight, in accordance with a sub-advisory agreement between Riverstone and the Sub-Adviser. The sub-advisory agreement contains tailored provisions and trading restrictions specific to the Sub-Adviser, subject at all times to our supervision. Our firm manages each fund in accordance with such fund’s investment strategy and restrictions as set forth in its offering documents. We and our funds focus on buyout, growth capital and other equity and debt investments in the energy and power sectors. In addition, certain of our professionals participate on investment committees in order to formulate investment strategies and render specialized investment advice. The amount of client assets that we manage on a discretionary basis, as of December 31, 2023, is $13,179,690,403. We do not manage any client assets on a non-discretionary basis.