KKR Nets $2 Billion For Energy Fund

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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...