PE GROWS, PUBLIC ISSUANCE SLOWS

摘要

Private-equity funds showed their prowess in fundraising, highlighted by a $7-billion raise by EnCap Investments LP, while public-equity offerings slowed into year-end amid sliding sentiment for energy. Private-equity sponsors specializing in energy raised more than $50 billion in 2017, according to Pre-quin, a firm tracking data on alternative assets. EnCap closed its twentieth institutional fund to date, EnCap Energy Capital Fund XI LP, with capital commitments of $7 billion, exceeding its target. Its prior fund closed at $6.5 billion in April 2015. Post Oak Energy Capital LP, based in Houston, closed its fourth fund, Post Oak Energy Partners IV LP, at the fund's hard cap of $600 million.