Kohlberg Kravis Roberts & Co.
), 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.
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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.
Fortress Investment Group LLC
). All these stocks sport a Zacks Rank #1 (Strong Buy).