Kohlberg Kravis Closes Energy Fund - Analyst Blog


Kohlberg Kravis Roberts & Co. ( KKR ), the U.S-based private equity firm, finally closed KKR Energy Income and Growth Fund I, also known as EIGF. The company garnered an additional $2.0 billion through this fund from its new as well as existing clients.

Kohlberg Kravis intends to invest the additional amount primarily in the North American oil and gas sector. The oil sector has been recently booming, following the discovery of unconventional resource of oil extraction from shale in North America.

Investment mangers like Kohlberg Kravis are always on a lookout for flourishing sectors in the economy in a bid to provide profitable investment opportunities for clients. The company has a proven track record of investments in meaningful venture. This strengthens its fund-raising capability and boosts its long-term strategy of inorganic growth.

Since its incorporation, Kohlberg Kravis' EIGF had raised $1.4 billion and thereafter was closed for the first time in Sep 2013. To date, the company has utilized more than $350 million of equity in eight investments.

With improvement in the overall market, investors are gaining confidence. Moreover, investors now are more willing to take calculated risks to generate higher return.

Therefore, growth prospects of companies like Kohlberg Kravis, which offers alternate investment opportunities for investors, are huge going forward.

Kohlberg Kravis currently carries a Zacks Rank #3 (Hold). Some better-ranked investment mangers include Waddell & Reed Financial, Inc. ( WDR ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). All these stocks sport a Zacks Rank #1 (Strong Buy).

FORTRESS INVEST (FIG): Free Stock Analysis Report

KKR & CO LP (KKR): Free Stock Analysis Report

LAZARD LTD (LAZ): Free Stock Analysis Report

WADDELL&REED -A (WDR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: FIG , KKR , LAZ , WDR



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