Thu, Aug 24, 2017
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. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  2. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it

  3. Investing - David Tepper sells airline stocks, except Delta[more]

    From Forbes.com: Head of successful hedge fund Appaloosa Management, David Tepper shied away from airlines in the second quarter after upping his bets in the first three months of the year, according to his portfolio filing released this week. Tepper sold all of his position in United Continen

  4. Opalesque Exclusive: Update: Emerging long-biased hedge fund expands coverage[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Left Brain Capital Management, which manages Left Brain Capital Appreciation Fund

  5. Investing - Silchester International Investors buys 5% stake in bookie William Hill, Hedge funds split over Microsoft, Top hedge funds are bullish on these 3 mega-cap stocks, Hedge funds betting demise in small-cap stocks will get worse[more]

    Silchester International Investors buys 5% stake in bookie William Hill From Thisismoney.co.uk: A leading investment fund has put its cash behind under-pressure William Hill. Mayfair-based Silchester International Investors has bought 5 per cent of the bookmaker's stock - which has almos