Tue, Jun 2, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Natural resources fundraising crosses $100bn in 2019 but number of funds down

Tuesday, January 14, 2020

Laxman Pai, Opalesque Asia:

Natural resources funds closed in 2019 secured $109bn, on par with the $107bn raised in 2018. But the number of funds closed that focus exclusively on pure natural resources strategies is falling.

A total of 128 vehicles closed through the year, down from a peak of 184 in 2017 and 149 that closed in 2018.

Preqin said that high capital totals have been driven by the closure of several mega-funds which will allocate a portion of their capital to energy investments.

"This sets the scene for an extremely challenging fundraising market in 2020 - there are 318 vehicles seeking capital at the start of the year, the equivalent of almost two and a half years' supply at 2019 levels," it said.

This total is down from a year previously, suggesting that some fund managers are choosing to abandon their fundraising processes without reaching a final close, or that funds that do close are not being replaced by new vehicles coming to market.

Patrick Adefuye, Head of Real Assets said: "Strong headline totals for the natural resources industry in 2019 have masked an extremely challenging landscape. The success of mega infrastructure funds which intend to make some acquisitions in the energy space have bolstered capital totals, but the number of pure natural resources funds being successfully raised has fallen year-on-year since 2016."

Patrick added: "The fundraising market has fallen below replacement rate, as fund managers ......................

To view our full article Click here

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. Investing: Singer bets on Europe, emerging markets, Britain's unhealthy appetite for financial risk in essential services, How Stan Druckenmiller shook up his portfolio[more]

    Singer bets on Europe, emerging markets From Investment Magazine: William Blair's Brian Singer is looking to invest in Europe and the emerging markets as the recovery from the global economic shutdown to contain the pandemic will likely take longer than what the market has priced in.

  2. PE/VC: How Covid-19 could reshape private equity fundraising, The private equity bet that coronavirus cut short[more]

    How Covid-19 could reshape private equity fundraising From Asian Investor: The pandemic looks may have led to greater use of remote capital-raising but might it also encourage investors to establish more overseas offices? The coronavirus outbreak has inevitably hit the amount of mo

  3. Investing: Millennium hedge fund ups bet against Bank of Ireland, Value rotation was the last thing big funds thought would happen, Al Gore's firm sold Amazon and Microsoft stock. Here's what it bought.[more]

    Millennium hedge fund ups bet against Bank of Ireland From Independent: US hedge fund Millennium International Management has raised its bet against Bank of Ireland's shares. It comes as Davy says 2020 will be a write-off for banks, with losses across Irish lenders of €4bn. M

  4. PE/VC: Private equity in the Covid-19 crisis, Carlyle's Africa dealmakers leave to start their own buyout firm, UK asset managers plan shift to off-market strategies including private equity[more]

    Private equity in the Covid-19 crisis From Morning Star: Private equity investment trusts invest in unquoted companies not yet listed on the stock market. How have they fared in the sell-off? Investment trusts have been caught up in the market turmoil of recent months and private equit

  5. New Launches: Apeira Capital seeks $200m for hedge fund-like bets, PIMCO filing reveals ESG fund launch could be ahead, BEA Systems co-founder launches venture fund, Salesforce Ventures launches $125m Europe Trailblazer Fund, The D. E. Shaw group closes first onshore China investment fund, Legg Mason and ClearBridge launch non-transparent ETF, Hong Kong-based asset manager MaiCapital launches actively managed bitcoin hedge fund[more]

    Apeira Capital seeks $200m for hedge fund-like bets From Bloomberg: Natalie Hwang, the former head of Simon Property Group Inc.'s venture capital arm, has launched a new firm and is seeking $200 million for a debut fund. Hwang has been discussing the vehicle with prospective investors, ac