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Alternative Market Briefing

Natural resources fundraising in Q3 2019 secured $8.2bn, making it the worst quarter in over five years

Wednesday, October 16, 2019

Laxman Pai, Opalesque Asia:

Natural resources fundraising throughout 2019 has been lackluster, and Q3 2019 was no exception. Only 18 funds held a final close, bringing the year-to-date total to 79 funds closed, said Preqin quarterly update on natural resources.

The total capital raised by these funds also experienced a pullback compared to past quarters: $8.2bn was secured in the worst fundraising quarter in over five years.

According to the report, such figures do not bode well for year-end totals, and indeed the overall health of the industry. With 2019 on $50bn so far, it is likely that the natural resources industry's wider declining fundraising trend will remain intact.

In a quiet quarter for fundraising, energy-focused funds continued to account for the majority of capital raised: 16 funds raised $7.9bn, Preqin said.

Outside of energy, one agriculture fundraised a modest $4.6mn, while one diversified natural resources fund closed for $320mn. No metals & mining-, timberland- or water-focused funds held a final close.

313 funds on the anvil, seeking a total of $219bn from investors at the start of Q4 2019

The natural resources fundraising market remains crowded; the number of funds on the road remained high throughout 2019, coinciding with poor fundraising figures for the year so far.

At the start of Q4 2019, there are 313 funds on the road, seeking a total of $219bn from investors.

Of these, 47% have held at least one interim clos......................

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