NZ Super Fund eyes North American energy market with US$250 mln investment

Thu, 20 Mar 2014

By Paul McBeth March 21 (BusinessDesk) - The New Zealand Superannuation Fund will invest up to US$250 million with New York Stock Exchange-listed KKR to gain exposure to the growing disruption in North American energy markets created by shale oil and gas resources. The so-called Cullen fund, named after former Finance Minister Michael Cullen who designed it, will invest up to US$175 million in KKR energy private equity investments ranging from natural gas exploration, production, and upstream, midstream and downstream activity, with the rem...

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