Denham joins commodities and energy rush

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 (€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.

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