NZ Super Fund invests $250M with KKR’s energy practice

New Zealand Superannuation Fund

The New Zealand Superannuation Fund (NZ Super Fund) has pledged investments up to US$250 million to North American gas and oil opportunities with experienced energy investor KKR.

Up to US$175 million will be directed, on a flexible basis, to new KKR energy private equity investments in North American natural gas exploration and production, midstream, downstream, and/or energy infrastructure and services.

The remaining US$75 million will be invested with the $2.0 billion KKR Energy Income and Growth Fund, a new KKR fund focused primarily on investing in the development of unconventional gas and oil resources in North America.

Other NZ Super Fund energy sector investments over the past 12 months include US$100 million in Bloom Energy, which uses solid oxide fuel cell technology to create power, and US$55 million in wind turbine manufacturer Ogin.

 

 

 

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