Warburg Pincus LLC is stepping up its focus on the Canadian oilptatch, hiring former Alberta politician and banker Jim Prentice as an advisor, the New York City-based private equity firm announced Monday.
Prentice is joining the firm as an industry advisor in its energy group to identify and evaluate investment opportunities in Canada, focusing on energy plays.
From 2010 to 2014, Prentice was vice chairman and senior executive vice president at Toronto-based Canadian Imperial Bank of Commerce. But he spent most of his career as a Conservative politician largely at the federal level, but also had a stint as premier of Alberta from 2014 to 2015.
“Jim has deep roots in Canada and his perspective and significant experience will be valuable as we continue to identify attractive investments, particularly in the energy sector and more broadly across the firm’s efforts in Canada,” said David Krieger, managing director at Warburg Pincus.
Warburg Pincus, which specializes in growth investing, has more than US$40 billion in private equity assets under management.
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