Fundraising by private equity firms in the commodities and energy sectors is up 85% compared with the same period last year following the latest fund close of $2bn (â¬1.3bn) by US-based Denham Capital Management.
The close, the fifth in the energy and commodities sectors so far this year, takes 2008 fundraising in the sectors to $7.8bn, an increase of $6.6bn on the same period last year, according to data provider Private Equity Intelligence.