KKR Said to Seek $1.5 Billion for Fund Targeting Energy Assets
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KKR & Co., the buyout firm run by Henry Kravis and George Roberts, is seeking $1.5 billion for an energy fund that will invest in oil and gas development, according to two people with knowledge of the matter.
The firm will use the KKR Energy Income & Growth fund mostly for drilling partnerships with a goal of generating steady income and distributions for investors, said the people, who asked not to be identified because the plans are private. KKR is offering a management-fee discount to clients who commit money in the first round of fundraising, the people said.