First Reserve has promoted four senior investment professionals, effective Jan. 1, 2018.
The company promoted Brooks Shughart and Edward Bialas to managing director.
Shughart has contributed to the company's global resources portfolio. He will continue to focus on First Reserve's existing resources investments as well as new investment opportunities throughout the oil and natural gas sector.
Bialas has been a contributor to First Reserve's equipment and services and midstream/downstream portfolio and is also responsible for fundraising and investor relations activities.
Jesse Krynak and David McFarland were promoted to director.
Krynak has been responsible for investments through First Reserve's core investment energy subsectors, resources, equipment and services, and midstream/downstream. McFarland is responsible for investments in the midstream/downstream and equipment and services sectors. The two will continue to help drive diversified investments throughout the global energy value chain.
The four senior team members are based Houston.