The 4D Global Energy fund has gathered more than $60m (€55m) for its first round of fundraising as investors warm to Europe's first private equity fund targeting the oil and gas sector.

The fund, which received a $25m cornerstone commitment from Société Générale Asset Management, has a target of $150m. It is using Global Private Equity, a French firm spun out of Banque Indosuez three years ago, as its global placement agent.