Glenn Jacobson, partner of Trilantic Capital Partners, is today’s Forty Under 40 featured honoree.
Glenn has played an integral role in growing the energy practice at Trilantic from a group of two to a team of more than 10. The firm has offices in New York and Austin, Texas, and a dedicated energy fund complex called Trilantic Energy Partners.
Overall, Glenn and his partner, Chris Manning, have deployed about $3.5 billion across the energy sector in more than 25 investments.
Glenn first became a partner at Trilantic in 2015 when he was just 33, something he said was a combination of luck and hard work.
“I have always had a strong work ethic—this was instilled in me by my parents at a young age,” Glenn said. “I have also been fortunate to be surrounded by a group of partners who have supported my development as well as driven the success of Trilantic more broadly, which created the opportunity for me.”
Occidental Petroleum entered a merger agreement with Anadarko Petroleum on May 9, bringing to an end Occidental’s pursuit for The Woodlands, Texas-based independent.
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.
Sustained lower oil prices may lead to Permian consolidation, the return of tough times to other shale plays and U.S. E&Ps helping rebalance global inventories.