Losses incurred on energy investments when crude prices hit the skids aren’t deterring private equity firms from wading back into the oil patch. Since crude began its slide in mid-2014, firms including Blackstone, Warburg Pincus and EnCap Investments have raised a combined $100 billion to spend on energy assets, Jefferies co-head of energy investment banking for the Americas Ajay Khurana told Bloomberg in an interview. With the leverage normally used in private equity deals,......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.