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Kosmos has received provisional commitments of up to $300 million
from management, Warburg Pincus, the global private equity firm,
and Blackstone Capital Partners, an affiliate of The Blackstone
Group, an international private investment bank, to pursue exploration
ventures in West Africa.
Warburg Pincus
Warburg Pincus has been a leading private equity investor since
1971. The firm has approximately $9 billion under management
and $5 billion available for investment in a range of industries
including: business services, energy, financial services and
technologies, health care and life sciences, information and
communications technology, media and real estate.
Warburg Pincus invests globally at all stages of a company's
life cycle. The firm has invested approximately $800 million
in energy companies involved in oil and gas exploration and production,
energy and power projects and oil field and other services since
the late 1980s.
Warburg Pincus has been the lead investor in more than a dozen
energy companies, including: Newfield Exploration Co. (NYSE:
NFX), Spinnaker Exploration, Inc. (NYSE: SKE), Encore Acquisition
Company (NYSE: EAC), Bill Barrett Corp., Latigo Petroleum, Inc.,
Antero Resources Corp., Gryphon Exploration Company and Carneros
Energy Inc.
For more information, please visit www.warburgpincus.com.
The Blackstone Group
The Blackstone Group, a private investment bank with offices
in New York, London and Hamburg, was founded in 1985. The firm
has raised a total of approximately $26 billion for alternative
asset investing since its formation. Over $14 billion of that
has been for private equity investing, including Blackstone Capital
Partners IV, the largest institutional private equity fund ever
raised at $6.45 billion. In addition to Private Equity Investing,
The Blackstone Group’s core businesses are Real Estate
Investing, Corporate Debt Investing, Marketable Alternative Asset
Management, Mergers and Acquisitions Advisory, and Restructuring
and Reorganization Advisory.
For more information, please visit www.blackstone.com.
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