Energy Ventures Names Rune Jensen and Per Arne Jensen Newest Senior Partners

Energy Ventures, an independent private equity firm focusing on innovative upstream technology companies with strong growth potential, announced the addition of its newest senior partners, Rune Jensen and Per Arne Jensen. In their roles, both partners will provide strategic input to the firm’s current portfolio while also supporting the execution of new investment opportunities on behalf of Energy Ventures.

Rune Jensen, who will also be a member of the management team in Energy Ventures, has more than 30 years of experience in oil and gas, financial services, publishing, information and communications technology and private equity. He was the founder and managing partner of Progressus Management AS, a private equity company. Before founding Progressus, Rune was CEO of Allianse, where he transformed the business through strategic growth, acquisitions and eventually an initial public offering (IPO) on the Oslo Stock Exchange. He started his career with Statoil after graduating with a master’s degree from the Norwegian School of Economics and Business Administration (NHH).

Per Arne Jensen joins Energy Ventures with more than 20 years of experience, most recently as partner with Progressus Management AS. Prior to joining Progressus, Mr. Jensen was CEO of Figgjo AS, a Norwegian porcelain manufacturer, and former vice president of Computer Advances Group ASA (CAG), where he led strategic development, acquisitions, IPO work and investor relations. Per Arne began his career in the oil and gas industry with IRIS (formerly Rogaland Research), the internationally renowned oil and gas research institute. He holds a masters degree in strategy and finance from The Norwegian School of Economics and Business Administration (NHH) and a master’s in software development from The Norwegian University of Science and Technology.

 “We are very happy to have added two distinguished and accomplished senior partners to our team,” said Helge Tveit, Energy Ventures co-managing partner. “As we pursue investments in high growth upstream technology companies, we must also leverage fresh-thinking minds that will help us continue to deliver superior returns to our investors. Rune and Per Arne possess a unique set of skills and CEO level experience that will no doubt be critical to enhance our firm’s success.”

Rune Jensen added: “Joining Energy Ventures provides a unique opportunity for Per Arne and I to leverage our prior technology and management experience in order to create value for the firm and its portfolio. The energy industry is synonymous with challenges, yet Energy Ventures’ proven track record is proof that a focused investment strategy can yield exceptional results, and we look forward to working alongside their experienced team.”