Mon, Jan 16, 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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Amplitude's Klassic CTA up 29% in 2016[more]

    Benedicte Gravrand, Opalesque Geneva: Swiss CTA manager Amplitude Capital can boast outperformance for one of its short-term trading strategies. The Klassik strategy, which trades equities, FX, fixed income and commodities, returned 29.39% in

  4. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  5. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock