New York Alumni Breakfast Series with Mark Florian, '82
Chicago Booth Alumni Club of New York City
Chicago Booth Office of Advancement
November 17, 2017: 7:30 AM - 9:00 AM
The Shifting Sands in the Energy World
Aretsky's Patroon Townhouse
160 East 46th Street
New York, NY
Global consumption of energy is growing, but the price of oil, gas and power has been going down. Coal-fired power is on the decline, being replaced with cleaner sources of power from renewables and natural gas. Energy storage and the electrification of vehicles could change all of the markets going forward into the future. How does one invest into a market with so many moving pieces, when technological changes can shift the economics dramatically and quickly? Mark Florian (Booth '82), who oversees BlackRock's Energy & Power Infrastructure Funds, will discuss these factors and what the future potentially holds.
, '82 (Speaker)
Managing Director, Global Energy & Power Infrastructure Funds, BlackRock
Mark Florian leads the Global Energy & Power Infrastructure team at BlackRock, which currently manages about $3.7 billion for investment in the power, midstream, utility and other areas in the energy sector across two 15-year funds. The team has created over 20 portfolio companies for the Funds and is actively investing globally. BlackRock acquired the Funds in 2017, which were created and built at First Reserve, a private equity firm that has been investing in exclusively in the energy sector since 1983.
Mr. Florian started the Energy and Power Infrastructure business at First Reserve, beginning there in 2008. The team now includes about 30 professionals and is located in Greenwich Connecticut, London and Houston. Prior to First Reserve, Mr. Florian had a 23-year career at Goldman Sachs. He was a Partner at this Firm, and worked across many areas including corporate investment banking, mergers and acquisitions, and public finance in his career there. His last position at Goldman was as the COO of the Public Sector and Infrastructure Department, managing the infrastructure investment banking business which included about 150 people, and as a member of the investment committee for Goldman Sachs Infrastructure Partners.
Mr. Florian has an undergraduate degree from Duke University, magna cum laude, and an MBA from the University of Chicago.