Thu, Aug 6, 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: Yield stocks are the way to go for this Australian hedge fund, Tech stock rally is far from repeating the 1990s dot-com bubble, SunTrust says, Stocks now in 'the painful stage' before a more balanced bull market emerges, Morgan Stanley chief US equity strategist says[more]

    Yield stocks are the way to go for this Australian hedge fund From Bloomberg: Equities that offer attractive yields are the last remaining place investors can get returns in a world of zero interest rates, according to Kardinia Capital. The Sydney-based absolute return manager of one

  2. Study: Small endowments and foundations fall behind in the pandemic, Covid-19 could be trigger for widespread mandate losses[more]

    Small endowments and foundations fall behind in the pandemic From Institutional Investor: Bigger allocations to alternative assets may be benefiting their larger peers - for now. Large endowments and foundations in the U.S. beat smaller ones in the first quarter, reversing last year's per

  3. GCM Grosvenor to merge with Cantor Fitzgerald SPAC, to go public[more]

    Laxman Pai, Opalesque Asia: GCM Grosvenor, a global alternative asset management solutions provider with approximately $57 billion in assets under management, is planning to go public by merging with a special purpose acquisition company backed by the financial-services firm Cantor Fitzgerald in

  4. Ocean Avenue Capital Partners wraps up the fourth fund at $350m[more]

    Laxman Pai, Opalesque Asia: California-based lower-middle market private equity firm Ocean Avenue Capital Partners (OACP) has closed its fourth fund at a hard cap of $350 million, beating its $300 million target. OACP, which manages approximately $1.3 billion of capital, expects that represe

  5. New Launches: Hedge-fund launches pick up despite Covid-19 pandemic, Taconic launches new credit fund, Deerfield raises another $2.5bn as investors flock to health care investments, Blackstone's second fund targeting GP stakes raises $3.5bn so far, Morgan Stanley IM targets greener recovery with Euro sustainable funds, UCL hits $131m first close for sophomore venture capital fund, Fulcrum launches climate change fund, Blackbird raises $356m fund, Crypto venture fund raises $110m from universities, Prime Capital launches Liquid Alternatives Credit fund of funds[more]

    Hedge-fund launches pick up despite Covid-19 pandemic From WSJ: Raising money for a new hedge fund long was contingent on a host of in-person meetings. But a slate of managers are launching sizable startup funds despite complications wrought by the new coronavirus. Hedge-fund man