Chart of the week: Energy, oil and gas-focused private equity fundraising

Aggregate capital raised in H1 2015 for energy, oil and gas-focused funds 16 percent higher than in H1 2014


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Closed-ended private equity funds with an energy, oil and gas specific focus raised $13.75 billion from the close of 16 funds in H1 2015. At the end of June 2014, the same number of funds had gathered $11.83 billion of capital. The highest fundraising year for energy, oil and gas focused funds between 2012 and H1 2015 was 2013, when $31.46 billion was collected across the year for this sector. Although, H1 2015 fundraising is 43 percent lower than in H1 2013, in the first half of 2015 total capital gathered has already outstripped the amount raised in the whole of 2012 – the lowest fundraising year – by $1.09 billion.

In H1 2015, the largest private equity fund targeting energy, oil and gas to hold a final close was EnCap Energy Capital Fund X managed by EnCap Investments. The growth equity vehicle collected $6.5 billion for investments into North America – 53 percent of the aggregate capital raised in H1 2015. Carlyle International Energy Partners, the Carlyle Group’s global buyout vehicle was the second largest fund to hold a final close, raising $2.5 billion from investors such as the San Francisco Employees’ Retirement System which committed $100 million to the vehicle.

At the end of June 2015, there were 67 funds in market targeting $37.51 billion for investments into this sector. With H2 energy, oil and gas specific fundraising increasing by $1.77 billion between 2013 and 2014 despite a year on year fall in total capital gathered, it is possible to suggest that the amount of capital collected for this sector in 2015 will surpass aggregate 2014 fundraising levels.