Preqin Quarterly Update: Natural Resources, Q2 2017
The natural resources sector continued to face fundraising challenges in Q2 2017. Half of all unlisted natural resources funds closed in H1 2017 failed to reach their initial target size. Despite this, the number of funds seeking capital has stayed relatively level since the start of 2017. IRRs of recent vintage energy strategies continue to outperform those of the wider natural resources industry, and with 2014 energy funds in particular currently posting similar IRRs to real estate strategies of the same vintage, there are reasons to remain positive about the asset class.