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  1. Private equity fund -raising rebounds in US and Europe

    Driven by a small number of funds that held large closes, US and European private equity fund-raising rebounded in 2011. According to figures from Dow Jones LP Source, US private equity funds secured $31.6 billion for 89 funds during the first quarter, more than double the $13.5 billion raised for 81 funds during the same period last year. All sectors except mezzanine raised more capital than the same period last year. European firms collected $8.2 billion during the quarter, up 39% from the $5.9 billion raised a year earlier, although the number of closings declined to 22 from 32, according to the data. “In 2010, many private equity firms focused on trying to return capital and those efforts are starting to bring their investors back to the party,” said Laura Kreutzer, managing editor of Dow Jones Private Equity Analyst. “But limited partners are still like bouncers at an exclusive night club. They’re only letting the best looking groups behind the velvet rope. Everyone else still has to struggle for their attention.” Dow Jones LP Source classifies multiple fund closings (first, interim, final) separately, based on the year of the closing, to provide an accurate view of the annual fund-raising environment. As more middle-market funds entered the market this year, US buyout funds raised $19.2 billion across 41 funds during the first during the first quarter of 2011, up from $6.6 billion raised by 29 funds a year earlier. This rebound was driven by large commitments to funds from firms including Kohlberg Kravis Roberts & Co, GTCR Golder Rauner LLC, and Oaktree Capital Management LP. Within the US buyout industry, upper mid-market funds – or those between $1 billion and $5 billion each – shined as buyout and acquisition funds captured limited partners’ (LP) attention. Buyout and acquisition funds collected $8.7 billion across 17 funds during the first quarter of 2011, more than three times the amount raised during the same period in 2010. In Europe, buyout funds, which account for the bulk of that region’s private equity industry, secured $7.3 billion for 15 fund during the first quarter, up from $2.9 billion raised for 12 funds a year earlier. As in the US, a small number of firms, including BC Partners Ltd. and Astorg Partners, captured the bulk of the money. US funds focused on mezzanine strategies saw a decline in 2011, as they attracted $1.1 billion for five funds, a 21% decrease from the six funds that raised $1.4 billion during the same period in 2010. Mezzanine debt is the only investment category in the US that experienced a decline from last year’s fund-raising levels. “As the debt markets have recovered, they’ve offered many private equity firms cheaper sources of leverage for their deals than mezzanine firms typically provide,” said Kreutzer. At the same time, mezzanine firms raised more than $6 billion in capital in 2010, roughly double 2009 levels, so we may just be seeing a fund-raising lull as firms that raised money last year focus on finding deals.” There were no mezzanine funds raised in Europe during the first quarter of 2011. Venture Capital fund-raising rose to $7.7 billion across 25 funds during the first quarter of 2011, a 97% increase from the $3.9 billion collected by 32 funds during the same period in 2010. A small number of large closings from Sequoia Capital, Bessemer Venture Partners, and other firms helped lift US venture fund-raising for the quarter. European venture firms were not as fortunate, however, raising $653 million for five funds during the quarter, down from $1.3 billion raised for 13 funds raised during the same period last year.

    Online Articles

    Online Articles

    Mon, 11 Apr 2011

  2. Haddington Ventures closes on new $350 million private equity fund for midstream

    Houston-based Haddington Ventures LLC said November 15 that it has closed its latest private equity fund , Haddington Energy Partners IV, LP (HEP IV), with total committed capital of nearly $350 million targeted for investments in midstream energy infrastructure.

    Online Articles

    Online Articles

    Thu, 15 Nov 2012

  3. Energy investors funds group closes fund at $250M

    Energy Investors Funds Group, an established private equity fund manager that invests in the energy and electric power sector, announced the final closing of the US Power Fund, on December 3, 2003 with total capital commitments of $250m.

    Online Articles

    Online Articles

    Wed, 28 Jan 2004

  4. Energy Investors Funds Group closes fifth fund at $250m

    Energy Investors Funds Group, an established private equity fund manager that invests in the energy and electric power sector, announced the final closing of the United States Power Fund, L.P. on December 3, 2003 with total capital commitments of $250m.

    Online Articles

    Online Articles

    Tue, 27 Jan 2004

  1. Financing new ventures in oil and gas E&P technology domain - Part-2

    Online Articles

    Online Articles

    Wed, 11 Feb 2015

  2. Vinson & Elkins adds partner in Energy Transactions practice

    Oil and gas transactional lawyer Bryan Loocke has joined Vinson & Elkins as a partner in its Energy Transactions practice, where he will advise both corporate and private equity clients in the energy sector. He is based in the firm's Houston office.

    Online Articles

    Online Articles

    Fri, 31 Jul 2015

  3. Roth and Ghauri join Jones Walker’s Houston office

    David R. Roth and Shahid A. Ghauri have Jones Walker LLP’s Houston office. Roth is a partner in the Real Estate Practice Group and Ghauri is a partner in the Business and Commercial Transactions Practice Group.   

    Online Articles

    Online Articles

    Mon, 16 Mar 2015

  4. Aethon Energy closes second private equity fund

    Aethon Energy Management LLC, a Dallas, Texas-based private investment firm focused on onshore oil and gas, has closed its second energy private equity fund , Aethon II LP. Together with co-investments, Aethon's recent fundraising represents $240 million in total capital commitments.

    Online Articles

    Online Articles

    Wed, 18 Nov 2015

  5. Magnum Hunter near closing Utica JV with private equity fund

    Magnum Hunter Corp., Houston, filed US Securities and Exchange Commission documents indicating a tentative letter of intent for a Utica shale joint venture involving an undisclosed private equity fund for $430 million.

    Online Articles

    Online Articles

    Wed, 12 Aug 2015

  6. Energy Ventures to invest in North Sea businesses

    Independent private equity firm Energy Ventures is offering to invest $200 million in North Sea oil and gas businesses.

    Online Articles

    Online Articles

    Tue, 8 Nov 2016

  7. PetroCap closes $350M private equity fund at its hard cap

    PetroCap completed the final closing of PetroCap Partners II LP at its hard cap of $350 million on Dec. 23, 2014. PetroCap Partners II is more than double the size of its predecessor fund, Falcon E&P Opportunities Fund LP, which closed on $163 million in 2011.

    Online Articles

    Online Articles

    Fri, 20 Feb 2015

  8. EnCap raises $6.5 billion private equity fund

    EnCap Investments LP, an oil and gas private equity firm, has closed EnCap Energy Capital Fund X LP, with $6.5 billion of limited partner capital commitments.  

    Online Articles

    Online Articles

    Wed, 8 Apr 2015

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