Calgary

Jim Prentice lands new job as energy analyst with Warburg Pincus

Former Alberta premier Jim Prentice has landed a new job as an energy adviser with a private equity firm.

Private equity firm based in New York has invested in early-stage energy companies in Western Canada

Former Alberta premier Jim Prentice has been hired by Warburg Pincus, a private equity firm based in New York, as an energy industry adviser. (Fred Chartrand/Canadian Press)

Former Alberta premier Jim Prentice has landed a new job as an energy adviser with a private equity firm.

Warburg Pincus announced Monday that it has hired Prentice to help "identify and evaluate investment opportunities in Canada with a focus on energy."

"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," David Krieger, the firm's managing director, said in a release.

The New York-based firm has previously invested in early-stage energy companies in Western Canada, including Meg Energy in 2004 and Endurance Energy in 2012.

"I have long respected Warburg Pincus for the strength of its global network and its growth-oriented approach to private equity investing," Prentice said in the corporate release.

"I am excited about this opportunity and look forward to advising the firm on investment opportunities across Canada." 

Prentice served as Alberta premier from September 2014 — when he won the leadership of Progressive Conservative Party — to May 2015 when the PCs were handed their first electoral defeat in nearly half a century.

Prior to that, he served as vice-chair and senior executive vice-president with CIBC from 2010 to 2014.

Prentice also had a career in federal politics, serving as the MP for Calgary Centre-North from 2004 to 2010, including stints as industry minister, environment minister and minister of Indian affairs and northern development in Stephen Harper's cabinet.