Forbes Private Capital Group Announces Final Closing of US$1 Billion Kerogen Energy Fund (Global)
Source: Forbes Private Capital Group
Hong Kong-based private equity firm Kerogen Capital has announced the final close of Kerogen Energy Fund with US$1 billion in total commitments. The fund aims to provide growth capital to junior upstream oil and gas companies focused on international emerging oil and gas basins and unconventional assets. Investors in the fund included endowments and foundations in the United States, family offices, an affiliate of a Middle Eastern sovereign wealth fund, funds of funds and investors based in Singapore and China. The fund has already completed two investments; one in Australia and one focused on potential oil and gas discoveries in Sub-Saharan Africa and Kurdistan.