KKR Seeks $1.5 Billion for New Energy Fund
By Sabrina Willmer
KKR & Co. is seeking $1.5 billion for an energy fund that will invest in oil and gas development at the asset level, according to two people with knowledge of the firm’s plans.
The New York-based firm will primarily use the KKR Energy Income & Growth for drilling partnerships with a goal of generating steady income and distributions for investors, said the people, who declined to be identified because the information isn’t public. KKR is offering a management fee discount to investors that join the first close, which is targeted for May.