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Mexico Privcap Video: Energy Reform Fuels Mexican Investment Opportunities
Kristi Huller
+ 1 212 750-8300
media@kkr.com
Ludo Bammens
+ 44 20 7839 9800
kkrpr-uk@kkr.com
Anita Davis
+852 36027335
media@kkr.com
Craig Larson
+ 1 877 610-4910
Investor-Relations@kkr.com
March 20, 2014
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The investments follow extensive research into opportunities in the energy sector by the Fund over the past couple of years.
"These new investments will broaden and diversify the Fund's current exposure to energy, in line with what is a changing global energy sector," said the Fund's General Manager Investments Matt Whineray.
Mr. Whineray said the KKR investment was premised on attractive long-term returns in energy and significant market changes including the rapid development of natural gas and unconventional oil assets.
"Developments in North American gas and oil are profoundly changing both global energy markets and markets within North America," Mr. Whineray said. "For example, there is a large and ongoing decline in the burning of coal in the US as energy utilities transition towards gas supplies. Access to these opportunities is, however, difficult to achieve solely through listed markets. Partnering with KKR will give us the benefit of their expertise and deep relationships in the energy sector."
Mr. Whineray said that while the Fund would continue to hold a substantial passive exposure to the energy sector, consistent with its market cap-weighted Reference Portfolio, the KKR mandate offered a number of benefits to the Fund. "These benefits include improved expected returns, resilience in relation to a rapidly changing sector and greater insight into, and control over, our investment exposures. Our focus on responsible investment will also be bolstered by KKR's expertise in the management of environmental, social and governance factors."
KKR has been investing in the energy sector for more than 20 years and its global energy business covers the full energy supply chain. The company has been at the forefront of shifts in investor interest from conventional to unconventional oil and natural gas resources.
According to
"KKR, which like the
This is the NZ Super Fund's third investment with KKR. It also has
investments in other KKR funds, including
About the
The
About KKR
Founded in 1976 and led by
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140320006610/en/
Media
Head
of Communications
cetheredge@nzsuperfund.co.nz
or
KKR
Director of Asia-Pacific Public Affairs
steven.okun@kkr.com
or
KKR
Director of Communications,
Kristi.Huller@kkr.com
Source: KKR
News Provided by Acquire Media
Kristi Huller
+ 1 212 750-8300
media@kkr.com
Ludo Bammens
+ 44 20 7839 9800
kkrpr-uk@kkr.com
Anita Davis
+852 36027335
media@kkr.com
Craig Larson
+ 1 877 610-4910
Investor-Relations@kkr.com
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