Raising Funds in Oil Industry Is Taking Longer, Quantum CEO Says

Raising capital in the oil and natural gas industry is taking longer as investors from Europe to the US shun fossil fuels, according to the head of one of the biggest private equity funds in the shale patch.

Quantum Capital Group needed almost two years to raise more than $10 billion for its various energy funds, Wil VanLoh, founder and chief executive officer of Quantum Energy Partners LLC, said Wednesday in an interview on Bloomberg TV. In the past that would have taken six months to a year to complete, he said.

“It has been the toughest fund ...