Falling fossil-fuel prices hit private energy funds; renewables hold steady

Private renewable energy funds surpassed their conventional energy counterparts at the end of April in average size by $221 million. The average renewable energy fund had $605 million in assets under management at the end of April, while the average conventional energy fund had $384 million. The April data mark the first instance of renewable energy funds becoming larger than conventional funds.

Both fund types saw significant increases in 2015 where the average AUM of a conventional fund was more than $1 billion and renewable funds saw the average fund reach $656 million in AUM. The change was due more to attrition than to asset growth. Declining oil and gas prices negatively impacted conventional funds, while renewable funds declined to a much lesser degree.