• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 2 hours US Military Spends at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 2 hours Climate Change Protests
  • 9 hours Japan’s Deflation Mindset Could Be Contagious
  • 5 mins Oil at $40
  • 2 hours U.S. Refiners Planning Major Plant Overhauls In Second Quarter
  • 2 hours "Undeniable" Shale Slowdown?
  • 1 hour China To Promote Using Wind Energy To Power Heating
  • 14 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 20 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 10 hours Ecoside
  • 24 hours Not Just Nuke: Cheap Solar Panels Power Consumer Appliance Boom In North Korea
  • 23 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
  • 19 hours Negative Gas Prices in the Permian
Alt Text

U.S. Energy Consumption Hits All-Time Record

The United States consumed 101.2…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

The Largest-Ever Hard Assets Fund Bodes Well For Energy

Private equity continues to rise as a force in natural resources, with the resource PE industry this week unveiling the largest fund raised in global history.

Private equity analysts Preqin reported yesterday that the Global Infrastructure Partners III fund closed on $15.8 billion in new cash during the first quarter of 2017. Making it the biggest PE fund ever created focusing on hard assets.

Infrastructure Partners III focuses specifically on energy, with much of the fund likely to go to assets like pipelines and other midstream facilities, possibly in addition to upstream assets.

Amazingly, this fresh watermark for biggest fund comes just a few months after the record was previously broken. With the bar having been raised in Q3 2016 by a $14 billion raise from Brookfield Infrastructure Fund III.

But PE appetite for hard assets has continued to grow over the last few quarters. In fact, Preqin’s data shows that overall natural resource private equity funding hit a total $25 billion during the past quarter — marking the third-highest quarterly total in the last five years.

Add that to a record $32 billion raised for resource PE in Q3 2016, and you can see how the last nine months have been very good for the sector. Check out the chart below.

(Click to enlarge)

Natural resource private equity funds raised $25 billion during Q1 2017, the third-highest quarterly total in the last five years Related: Is An Iraqi Production Slowdown Inevitable?

Once again, the majority of the recent quarter’s fundraising was aimed at energy, with a full $24 billion of the $25 billion raised earmarked for the oil and gas sector.

Interestingly, Preqin also found that resource funds are getting more active in deploying their capital. With uncommitted cash — or “dry powder” — held by funds declining over the past 15 months.

That means big money is now flowing into projects. And it’s not going to stop — as we move into Q2, there are reportedly 250 new resource funds being marketed globally, seeking a combined $110 billion in new capital.

Watch for news on more funds being closed, and for big PE investments announced in energy, mining and beyond.

Here’s to getting funded.

By Dave Forest

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News