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.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...