Thu, May 26, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  5. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America