Markets went into a tailspin in the second half of 2018. File image.
Private capital tracker Preqin says in an update that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.
Fundraising by unlisted funds for investment in natural resources – oil and gas, timberland, farmland, water and mines – set a fresh record in 2018 and is likely to top $100 billion for the first time.
Although significantly fewer funds closed in 2018 compared to the previous year, $93 billion in total capital was secured for investment in the sector. Preqin expects this to rise by up to 10% as more data come in.