KKR closed its first dedicated energy fund, raising a total of $2 billion in KKR Energy Income and Growth Fund I and co-investment vehicles, exceeding its $1.5 billion target, said spokeswoman Kristi Huller.
The fund's strategy includes making joint venture drilling investments, acquiring minerals and royalties, and other oil and gas investments.
The fund has already made $350 million in investments.
Investors in the fund include the $119.7 billion Texas Teacher Retirement System, Austin.
