Tue, Jul 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Private Equity Strategies

Data Snapshot: Energy Sector Sees Rise In Private Equity Interest

Friday, November 16, 2012

Billions of dollars are flowing into the US equity market, our data shows who the players are.

By: Bailey McCann

"Energy is like dropping a big rock in a pond - it has ripple effects out to a variety of other sectors," says Russ Steenberg, Global Head of BlackRock Private Equity Partners (PEP), by way of explaining his take on this bustling space inside private equity. He explains that the assets still to be found in the ground in the US are providing a wide range of opportunities for funds of all shapes and sizes. According to Steenberg, all structures are being explored in the sector beyond the popular master limited partnerships.

According to data from Preqin, 53 energy focused funds have opened in the US since 2006, with raising $26.4bn in aggregate capital. 2007 was the best year for these funds, 13 such funds opened raising $5.5bn in aggregate capital. Some industry observers have been quick to write off the '06-07 vintage years, but Steenberg says that is likely premature."The vintage years of 2006-07 may turn out better than expected," he says noting that with a low risk for inflation and current cash flow levels, those funds may yet turn out to be winners.

Other funds are still in the pipeline. As of November 13, 6 US focused energy funds were in market with an aggregate target size of $4.3bn. Some of the leading funds in the sector as of November 13 included fairly big names, Guggenheim Investment Management, TPH Partners, Oppenheimer Alternative Investment Management and SAIL Capital Partners are gracing the top tiers. Energy and Minerals Group currently leads them all with its second fund in the space.

 
This article was published in Opalesque's Private Equity Strategies our monthly research update on the global private equity landscape including all sectors and market caps.
Private Equity Strategies
Private Equity Strategies
Private Equity Strategies


Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  3. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  4. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

  5. Investing - Carlyle teams with TCW in push for ordinary investors[more]

    From Bloomberg.com: Carlyle Group LP isn’t backing down from its goal of offering alternative strategies to the masses, despite early setbacks. The Washington-based firm is teaming up with TCW Group, which is majority owned by Carlyle funds, to offer three vehicles that give ordinary investors acces

banner