LPs Spend on PE Funds Targeting Oil, Gas, and Natural Resources; Preqin


May 16, 2013

The first quarter of 2013 saw an aggregate USD 9.7 billion raised by six natural resources funds, according to Preqin. It was the highest quarterly amount since the peak of USD 16.6 billion seen in Q2 2009.


Last year was a particularly successful fundraising year for natural resources funds as 22 natural resources funds secured an about USD 22.5bn, which is similar to the peak levels of capital funds that closed in 2006 and 2009, raised USD 24.0bn and USD 23.6bn respectively.


North America-based GPs led the fundraising trail for this type of investment last year, due to a favorable regulatory environment for oil and gas investments. All six natural resources funds that held a final close in Q1 2013 met or exceeded their target size, said Preqin. Currently, 30 natural resources funds are seeking to raise USD 26.8bn. (Image Source: Preqin)

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