Investments by

Selected Current Investments

Central European Petroleum

Gas exploration

A petroleum exploration company with gas operations and acreage in North West Poland and Eastern Germany. Minority stake.

Viking Services

Oilfield services

An oilfield services company with operations in Turkey, CEE, Oman and Northern Iraq. Invested with Actis.

Deep Yellow

Uranium mining

A uranium mining business with operations in Namibia whose shares are listed on ASX. Minority stake.

First Reserve

Private equity fund – Energy

Specialising in private equity and infrastructure investments through the energy value chain. Invested in 12th fund.

Selected Past Investments

Ferrexpo plc

A Swiss-headquartered resource company with assets in Ukraine, principally involved in the production and export of iron ore pellets. Quoted on the London Stock Exchange. The company’s main asset, Ferrexpo Poltava Mining, is exploiting one of the largest iron ore resources in the world.

Green Gas International

A renewable energy company, mitigating polluting methane emissions from various sources such as coal mines and landfill sites into clean energy with operations in the Czech Republic, Germany and Poland.

New World Resources plc

Ultimate parent company of OKD, a Czech producer of steam and coking coal.


Operates Hungary’s largest biomass-fuelled power plant and a combined heat and power unit in Pécs, Hungary.

Toro Gold

A gold mining company whose main asset is the producing Mako gold mine in Senegal