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Peter Coneway Joins Riverstone Holdings LLC as a Managing Director in the Houston Office

Posted on: Monday, 16 March 2009, 12:27 CDT

NEW YORK and HOUSTON, March 16 /PRNewswire/ -- Riverstone Holdings LLC, a leading energy and power-focused private equity firm, announced today that Peter R. Coneway has joined the firm as a Managing Director. Mr. Coneway will be based in Houston focused on sourcing, structuring and executing energy investments.

David Leuschen, Co-Founder & Senior Managing Director of Riverstone, said, "We have known and respected Pete for more than 30 years and welcome him to our firm. The experience and judgment he gained as a long-time general partner at Goldman Sachs and, most recently, his distinguished service to our nation as the United States Ambassador to Switzerland and Liechtenstein will be invaluable as we build for the future."

Mr. Coneway said, "I am very excited about joining Riverstone which I believe is one of the premier energy businesses in the world. Riverstone's deep knowledge of the energy industry, disciplined investment approach, hands-on management style, and entrepreneurial culture has differentiated the firm in one of the most vital sectors of our economy. I look forward to contributing my relationships and experience to the firm."

Prior to joining Riverstone, Mr. Coneway served as United States Ambassador to Switzerland and Liechtenstein from 2006-2008. Mr. Coneway joined Goldman, Sachs & Co. in 1969 after graduating with an MBA from Stanford University. He founded Goldman Sachs' Houston office in 1975 and was named a general partner in 1978. He then established Goldman's equities sales, trading and research division in Tokyo in 1987-1988 before returning to manage the Houston office.

In Texas, Mr. Coneway previously served on the Governor's Business Council, as a member of The University of Texas System Board of Regents, and as Chairman of the University's M. D. Anderson Cancer Center Board of Visitors. He is currently a Trustee of The Museum of Fine Arts - Houston, a member of the Board of Trustees of the Texas Heart Institute and continues to serve as a member of the M. D. Anderson Board of Visitors.

About Riverstone Holdings LLC

Riverstone Holdings LLC, an energy and power-focused private equity firm founded in 2000, has approximately $17 billion under management across six investment funds. Riverstone conducts buyout and growth capital investments in the midstream, exploration & production, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London and Houston, the firm has committed more than $11 billion to 58 investments in North America, Latin America, Europe and Asia. For more information, visit www.riverstonellc.com.

SOURCE Riverstone Holdings LLC

Source: PR Newswire

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