Mon, Jun 1, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Established fund managers dominate natural resources fundraising market

Friday, April 10, 2020

Laxman Pai, Opalesque Asia:

The global natural resources asset class has seen the best of times and the worst of times in 2019. Three months on and, if anything, the asset class faces even more challenges, said Preqin.

A new war of attrition within OPEC has sent oil prices spiraling below $30 a barrel, and the COVID-19 pandemic - with its huge impact on economic activity and transportation especially - has spawned an almost unprecedented level of market volatility.

"In 2019 we saw unlisted natural resources fundraising reaching new heights. And 2020 has so far continued this momentum, having secured more than $40bn, the highest amount is ever seen in a first quarter," said Preqin in its Quarterly Update: Natural Resources, Q1 2020.

That said, the number of funds responsible for this capital is very low, at just 22, meaning that established fund managers are dominating the fundraising market with the largest funds.

In fact, a single fund is responsible for half of the total capital secured in Q1 2020.

Brookfield InfrastructureFund IV raised $20bn and is looking to North America to deploy capital. This fund is also the second-largest natural resources fund ever closed, after Global Infrastructure Partners IV which closed on $22bn in December last year.

Energy-focused funds once again accounted for the majority of natural resources fundraising activity.

Fourteen of the 22 funds closed in Q1 2020 are energy funds, raising more than 85% of the to......................

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. Tiger Global tops the list US-based venture capital market[more]

    Laxman Pai, Opalesque Asia: Tiger Global Management holds on to its position as market-leader in US-based venture capital, said a study. According to Preqin, the closure of tech-focused Tiger Global Private Investment Partners XII in January means the New York-based firm has raised more than

  2. Study: Emerging market bond issuers take hit as global recession deepens, The coronavirus pandemic could cost the global economy a nightmarish $82tn over 5 years, a Cambridge study warns[more]

    Emerging market bond issuers take hit as global recession deepens Increasing credit stress evident amongst many high-yield EM non-financial corporates as coronavirus disruption takes its toll, says Moody's. 74 out of 106 rated EM sovereigns have a stable outlook as of 30 April 2020 (compa

  3. 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.

  4. 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

  5. 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