First Reserve Sustainable Growth registered with the SEC to offer 20 million units at $10 each to raise $200 million for the acquisition of a sustainable energy company.
First Reserve plans to target companies engaged in energy transition toward a low-carbon future.
The SPAC is led by Chairman Alex Krueger, who is also president and CEO of private equity firm First Reserve, which he joined in 1999. He is responsible for overall investment, asset management, strategic planning, and operations of First Reserve and its funds.
The SPAC intends to list on the Nasdaq under FRSG U. Read more.
