The 100 largest natural resources institutional investors had combined investments of $115 billion in the asset class as of July 3, according to Preqin's first Natural Resources Top 100 report.
Those investors have a mean allocation of 7.4% to the asset class as of July 3, compared with an average of 4.4% for all investors. Some 94% of the 100 largest investors have energy investments as part of their natural resources portfolio, 52% have timber, 50% have agriculture and 46% have mining fund investments.
The largest institutional investor on Preqin's list is Toronto-based insurance company Manulife Financial with $7.2 billion of its $328.2 billion investment portfolio in natural resources, followed by the $11.1 billion Department for International Development, London, and the $40.3 billion University of Texas Investment Management Co, Austin.
Meanwhile, the 100 largest natural resources money managers have raised a combined $451 billion over the 10 years ended July 3, accounting for 80% of all natural resources capital raised during the period.
The top 100 natural resources managers have an estimated $143 billion in uninvested capital commitments as of July 3.
The largest manager by capital raised in the 10-year period is energy manager EnCap Investments, which raised a total of $27.6 billion during the period and has an estimated $12 billion in dry powder. Global Infrastructure Management is second on Preqin's top 100 list, with $26.1 billion raised over the 10 years and $12.6 billion in dry powder, followed by Riverstone Holdings with $24.9 billion raised and $4.4 billion in dry powder.
