New Zealand Superannuation Commits Up to $250 Million in KKR Energy Investments

natural gas processing site during sunset

The New Zealand Superannuation Fund (NZSF) is committing up to US$ 250 million toward North American oil and gas opportunities with private equity firm KKR. The mandate will target upstream oil and natural gas production, midstream infrastructure (pipelines), downstream facilities and service companies to the energy sector. KKR is a buyout firm managed by Henry Kravis and George Roberts.

The Asian sovereign funds, CIC and KIC, have backed away from their Canadian shale investments.

Where is the money going?

institutional investor investment mandates