Mr. Pace is a Partner of Chambers Energy Management and also serves on the firm's investment committee. In addition to these roles, Mr. Pace participates directly in deal sourcing, due diligence, negotiations and ongoing monitoring of investments. Mr. Pace has extensive experience in energy finance, including 19 years in oil and gas equity research. Mr. Pace joined Lehman Brothers in September 2008 after his retirement from Credit Suisse as Vice Chairman of the energy investment banking group. During his career on Wall Street, Mr. Pace was involved in over $50 billion in completed M&A transactions and over $10 billion in equity capital raised for the exploration and production sector in more than 50 distinct transactions.
Mr. Pace began his career in oil and natural gas equity research with Kidder, Peabody in 1986. He continued as an analyst covering the exploration and production sector primarily for Credit Suisse until 2005 (from 1995 to 1998 he was employed by Morgan Stanley). His primary responsibilities included coverage of U.S. companies, although he also was responsible for natural gas price forecasting and was involved in coverage of Canadian and emerging market companies. Mr. Pace first received national recognition for his research in the 1992 Institutional Investor magazine poll. He remained highly rated by the Institutional Investor and the Greenwich Associates’ Greenwich Share Leaders: U.S. Equity Analysts Research poll throughout his research career. While at Credit Suisse, Mr. Pace became Head of Exploration and Production Investment Banking in 2005 and Co-Head of Energy Investment Banking in 2006.
Mr. Pace holds a B.B.A. in Finance, with honors, from Texas A&M University and he has the Chartered Financial Analyst designation.