Tuesday, 28 July 2015
Last updated 8 hours ago
Mar 6 2014 | 11:48am ET
Kohlberg Kravis Roberts has held a final close for its latest energy hedge fund with $2 billion.
The new fund will invest in oil and gas assets, primarily in North America, and brings to $8.7 billion KKR’s energy and infrastructure assets. In particular, the fund will focus on drilling joint-ventures, mineral acquisitions and royalties.
“The energy revolution has created an unprecedented opportunity set, and we are seeing many ways to partner with companies to help develop these important resources,” KKR energy and infrastructure head Marc Lipschultz said.
The fund’s first close was in September, at $1.4 billion.
KKR has already begun deploying the fund’s capital, with $350 million put towards eight investments.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…