# First Reserve Corporation

> First Reserve Corporation is a VC fund backing Energy and Oil and Gas. See 7 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Greenwich, United States
- Total investments: 7
- Last investment: Dec 2025
- Lead investor: 29%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/kickstart-ventures-inc-/
- X (Twitter): https://twitter.com/FirstReserve1
- Website: http://www.firstreserve.com

First Reserve Corporation is a VC fund in Greenwich focused on Energy and Oil and Gas. First Reserve is an investment company that offers private equity investment services to firms in the energy industry. It was founded in 1983 and is based in Connecticut.

## Contacts

5 contacts available for First Reserve Corporation. Shizune tracks 8 team members at First Reserve Corporation. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/first-reserve-corporation?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 5 | 71% |
| Oil and Gas | 3 | 43% |
| Industrial | 2 | 29% |
| Commercial | 1 | 14% |
| Manufacturing | 1 | 14% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 2 | 29% |
| Private Equity | 2 | 29% |
| Post-IPO Equity | 2 | 29% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 5 | 71% |
| United Kingdom | 1 | 14% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Alex T. Krueger | Co-CEO & President | 0 | — |
| David McFarland | Vice President | 0 | — |
| Eduard Ruijs | Managing Director | 0 | — |
| Gary Reaves | Managing Director | 0 | — |
| Gregg Westgate | CTO | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Venterra | Venterra provides project management and engineering across the full offshore wind farm lifecycle from concept design to decommissioning. Its wide range of services includes environmental and geotechnical analysis and hydrographic surveys. | $53.5M |  | Dec 21, 2025 |  |
| Palmdale Oil Company | Palmdale Oil Company is a petroleum fuel and oil wholesale distribution company. |  | Private Equity | May 04, 2023 |  |
| Palmdale Oil Company | Palmdale Oil Company is a petroleum fuel and oil wholesale distribution company. |  | Private Equity | May 04, 2023 |  |
| Phillips 66 Partners | Phillips 66 Partners is a growth-oriented, traditional master limited partnership formed by Phillips 66 to own, operate, develop and acquire fee-based crude oil, refined petroleum product and natural gas liquids pipelines and terminals, and other transportation and midstream assetsPhillips 66 Partners began trading on the New York Stock Exchangeon July 23, 2013. It is headquartered in Houston, Texas. |  | Post-IPO Equity | Sep 17, 2022 |  |
| AFGlobal Corp | AFGlobal Corporation is an oil & energy company specializing in subsea pipeline components and forged products. AFGlobal Corporation is a technology and manufacturing specialist working to enhance their clients' success around the world. AFGlobal align well-established precision engineering with evolutionary innovation. AFGlobal uniqueapproach combines conventional OEM processes and technology with unconventional thinking, providing reliable answers and establishing quicker ways to find the best solutions for their clients. | $120M | Private Equity | May 24, 2017 |  |
| Plains All American Pipeline | Plains All American Pipeline is engaged in the transportation, storage, terminalling and marketing of crude oil, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids ("NGL"). We own and operate a diversified portfolio of strategically located assets that play a vital role in themovement of U.S. and Canadian energy supplies. On average we handle over 3.5 million barrels per day of crude oil and NGL through our extensive network of assets located in key North American producing basins, major market hubs and transportation gateways. The company is headquartered in Houston. | $1.5B | Post-IPO Equity | Jan 13, 2016 |  |
| CiDRA | Founded in 1996, CiDRA is the first company to combine industrial and optical skills to deliver real time process monitoring to multiple industries.CiDRA is headquartered in Wallingford, Connecticut with an increasing number of international offices. CiDRA’s patented SONARtrac® flow technology has established itself as a new class ofindustrial flowmeter, utilizing measurement principles that are distinct from all other flowmeter technologies operating today and is ideally suited for measuring flow in difficult slurry applications within the energy and natural resource industries.CiDRA has been aggressively developing various solutions offerings related to flow management and assurance, slurry rheology characterization, and overall plant monitoring and process optimization in minerals processing, oilsands, and pulp and paper applications. CiDRA products and services are being used by over 250 customers in 21 countries. | $100M |  | Jun 22, 2000 |  |

7 of 7 investments shown.

## Co-investors
- Stonepeak — VC Fund, 2 deals together
- [Amerindo Investment Advisors](https://shizune.co/investors/profile/amerindo-investment-advisors) — VC Fund, 1 deal together
- [Beyond Net Zero](https://shizune.co/investors/profile/beyond-net-zero) — VC Fund, 1 deal together
- [Cisco](https://shizune.co/investors/profile/cisco) — VC Fund, 1 deal together
- [Connecticut Innovations](https://shizune.co/investors/profile/connecticut-innovations) — VC Fund, 1 deal together
- [Eaton Vance Management](https://shizune.co/investors/profile/eaton-vance-management) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund
- [SFC Capital](https://shizune.co/investors/profile/startup-funding-club) — VC Fund
- [HTGF (High-Tech Gruenderfonds)](https://shizune.co/investors/profile/high-tech-gr%C3%BCnderfonds) — VC Fund

## FAQ

### What does First Reserve Corporation invest in?

First Reserve Corporation invests primarily in Energy, Oil and Gas and Industrial startups, most often at Funding Round and Private Equity stage. Most of the 7 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact First Reserve Corporation?

Public channels for First Reserve Corporation include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at First Reserve Corporation?

The team at First Reserve Corporation includes Alex T. Krueger (Co-CEO & President), David McFarland (Vice President) and Eduard Ruijs (Managing Director), among 8 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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