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(Denny Thurston/iStockphoto)

Private equity’s oil patch profile on the rise

Private equity is poised to fill some of the funding gap that’s hit the oil patch this year as equity financing, the traditional fuel for drilling and asset purchases, sputters well below average levels.

Such investments and acquisitions are seen as selective rather than a wholesale rescue for the sector, but private investors, including foreign ones, are expected to play a growing role, law firm Torys LLP said in its Capital Markets Mid-Year Report.