Why Riverstone Holdings: Interviews, Careers, & Portfolio

Riverstone Holdings Overview

Founded in 2000, Riverstone Holdings is a private equity firm which is focused on credit investments, growth capital, and leveraged buyout in the electrical power and energy industry sectors.

The firm primarily supports oil and gas exploration, electricity generation, energy and power services, midstream pipelines, energy and power tech, and renewable infra and tech.

Since inception, Riverstone Holdings have built four investment platforms.

1. Private Equity
2. Credit
3. Decarbonization
4. Latin America

Pierre F. Lapeyre, Jr. and David M. Leuschen, who had been instrumental in the foundation of the Goldman Sachs Global Energy & Power Group back in the 1980s, are the founders of Riverstone Holdings.

The firm’s headquarters is currently based in New York, USA and has additional offices in Mexico City, London, and Houston.

Riverstone Holdings AUM

According to public record of Riverstone Holdings, the firm has $43 billion of capital committed to transactions as of September 30, 2022. 

Riverstone Holdings Interview Process & Questions

Firms can make modifications in their interview process for each candidate. However, when you interview at Riverstone Holdings (or similar firms), you can expect the following:

• Around 4-6 rounds of interviews
• Junior investment professionals supervise the initial rounds, while the senior staff handle the later phase of the interview.
• The whole process can take multiple weeks – unless it’s an on-cycle or on-campus recruiting

Interviews at Riverstone Holdings will be a mixture of a set of questions: fit, behavioral, and technical / investing.

Need help preparing for interviews? My Growth Equity Interview Guide is right for you.

Why Riverstone Holdings

The most common question you’ll receive during interviews is “Why this firm”.

If you’ve done networking prior to your interviews, this is your chance to mention whoever you’ve met and how they’ve positively influenced your decision to apply at their firm.

Also, I would recommend learning more about the firm. A great way to do this is to listen to interviews with its founders, investors, and employees.

To start, here’s the Managing Director of Riverstone Holdings discussing what makes a good clean-tech investment for private equity firms versus what doesn’t.

Riverstone Holdings Case Study

Case studies almost always show up during interviews at firms like Riverstone Holdings. The reason is firms use case studies to evaluate each candidate’s technical and communication skills – both crucial to investor’s success.

Most case studies revolve around investment recommendations and financial modeling. But for junior roles, cold calling case study may also be required.

For case study preparation, check out my Growth Equity Interview Guide.

Riverstone Holdings Salary & Compensation

According to Glassdoor, an analyst at Riverstone Holdings makes around $114,936 per year, while an associate can earn around $163,583 annually. These figures represent the median and still depend on several factors like experience, education, and skills.

Analyst

Associate

Riverstone Holdings Careers, Jobs, & Internships

To see the most recent open roles at Riverstone Holdings, visit our job board which features promising opportunities for them and other growth / VC firms.

Riverstone Holdings Portfolio & Investments

According to Crunchbase, Riverstone Holdings has made 41 investments and five acquisitions. Some of their notable deals include Chargetrip, Signol, and ConnectDER.

Notable Transaction: Iontra Inc.

Iontra Inc. is an innovator of next-gen battery charging tech based in Colorado.

Their charge control technology improves battery cycle life, safety, and performance, and also removes plating due to fast charging without the need for battery cell or pack redesign.

In July 2023, Iontra announced that they raised an additional $29 million, which made its Series B fundraising to a total of $67 million. The extra funding is led by Riverstone and Volta Energy with participation of Flag Asset Management and others.

The said funding helps Iontra advance their position as a fabless supplier of affordable and small-footprint battery charger microcontroller (MCU) for battery-operated products such as smartphones, wearables, hearables, and power tools.

With the help of Iontra’s MCU, product manufactures can integrate Iontra’s tech faster and easier into their products to fully unlock the potential of their batteries while lowering their Bill-of-Materials costs.

Next Steps

Riverstone Holdings is an excellent firm to build your career in finance. If you want to be part of their team, you have to stand out during your interviews. For that, I would recommend my Growth Equity Interview Guide which is a self-paced online course designed to teach you the critical topics such as case study, financial modeling, and many more. Check it out and start learning today!