Chief Executive Officer
Ron Hulme is Chief Executive Officer of Bluescape Energy Partners and Chief Executive Officer of Parallel Resource Partners. He serves on the Investment Committee, Valuation Committee, and Risk Committee of each firm and oversees relationships with fund investors. In addition, he serves as chairman of the board and director of several portfolio companies.
Hulme began his energy career at McKinsey & Co. where he served many industry leading energy and private equity clients over 26 years. Hulme led several of McKinsey’s global energy practices and led the Firm’s client relationships with several leading energy companies, including Shell Oil, TXU, Entergy, Enron, Koch Industries, Conoco Phillips, Pemex, and PDVSA. Hulme worked closely with John Wilder as a client at Royal Dutch Shell (helping to create Shell Capital and advising on numerous major investments) as well as at Entergy and TXU Corp. (where he was intimately involved in the successful restructurings of both companies). Hulme also co-founded and co-led McKinsey’s Global Corporate Finance Practice which established the Firm’s M&A Advisory and Private Equity Practices. He led McKinsey’s Global Strategy Practice, and he founded and led the Firm’s Global Risk Practice. These practices regularly represent over one-half of McKinsey’s client work. In these roles, Hulme advised dozens of the Firm’s clients on financial restructurings, operational turnarounds, major M&A transactions, and risk mitigation strategies across a wide range of industries including oil and gas, electric power, chemicals, aluminum, telecom, and computing.
Hulme was an active leader in McKinsey’s internal governance. He was a member of the Firm’s eight person Office of the Managing Director (OMD) which was responsible for the strategic and operational management of McKinsey. Hulme was the Firm’s first Head of Functional Practices (Operations, Marketing, IT, Strategy, Organization, Corporate Finance, and Risk) which grew to employ approximately 20% of McKinsey’s global consultants. He led McKinsey’s Houston Office, and he served as a member of the Firm’s Shareholders Council (McKinsey’s elected Board), where he chaired one of its four policy committees with oversight of global knowledge development.
Hulme left McKinsey in 2008 to become the Chief Executive Officer of Carlson Capital, a multi-strategy hedge fund and co-sponsor with Bluescape Resources of Parallel Resource Partners. Carlson Capital’s strong performance during this period contributed to an increase in AUM from just over $3 billion of equity capital in early 2009 to over $5 billion by 2011. Hulme was also Head of Energy at Carlson Capital, overseeing a portfolio with approximately $2 billion (gross market value) of energy investments in public equities and credit as well as highly successful private/active investments around the bankruptcies of four distressed E&P companies.
At Bluescape and Parallel, Hulme has led several of the firm’s investment efforts. He originated and negotiated the successful investment in Texas American Partners, which included the acquisition of debt and equity held by a consortium of 13 investment firms as well as the subordination of the equity held by the company’s founder. He led investments in Cavallo Energy and Arrow Rock Energy Capital and has served as Chairman of both Boards. Hulme also Chairs the Board of White Marlin Oil & Gas and is a Board Member of Flatonia Holdings.
Hulme earned a bachelor in business administration from the University of Texas, where he graduated first in his class, and a master’s in business administration from the Stanford Graduate School of Business, where he was an Arjay Miller Scholar. Hulme is an active board member of several non-profit organizations including Texas Children’s Hospital (Past Chairman), Baylor College of Medicine Texas Children’s Joint Affiliation Board (Past Chairman), the Alley Theatre (Executive Committee), the University of Texas Energy Institute (Executive committee), the Advisory Board of the UT McCombs School of Business, The Institute For Sustainable Peace (Past Chairman), Reasoning Mind (Executive Committee), and The Greater Houston Community Foundation.