Riverstone adds Abbate, Brodsky, Flannery to credit and capital markets

By Tali Rackner

Norfolk, Va., July 10 – Riverstone Holdings, LLC is expanding into credit and capital markets activities with the hiring of Christopher Abbate, Jamie Brodsky and Daniel Flannery, according to a press release.

Abbate, who joins Riverstone as a managing director and will lead the new team, has spent his career financing energy companies, mainly in the leveraged capital markets. Prior to joining Riverstone, he was a managing director and head of energy leveraged finance at Citigroup.

Brodsky joins as a managing director and Flannery joins as a vice president; both previously worked at Nomura Securities International.

Prior to their respective roles, the three worked together on the energy leveraged finance team at UBS Investment Bank, where Abbate was also head of leveraged finance origination.

“We are very pleased that [Abbate, Brodsky and Flannery] have agreed to join us,” co-founders David M. Leuschen and Pierre F. Lapeyre Jr., said in the release.

“Having worked with them at their respective firms on many of our past debt financings, including for Fieldwood Energy, Gibson Energy and EP Energy, we believe that we have put together a group with extensive credit structuring expertise, broad deal sourcing capabilities, strong energy industry competence and tremendous chemistry. The team will not only broaden Riverstone’s focus to include investments in energy and power-related credit investments, but will also complement the activities of our buyout professionals, helping to further maximize value in our existing and future portfolio companies.”

Riverstone Holdings is an energy and power-focused private equity firm with offices in New York, London and Houston.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.