KERN Partners launches $750 mln Fund IV, invests in Steelhead LNG
Canadian private equity firm KERN Partners has launched its fourth energy-focused partnership, KERN Energy Partners IV Fund (KEP IV), peHUB Canada has exclusively learned. In early July, KEP IV, which is targeted to raise $750 million, completed a first close for an unspecified amount anchored by existing LPs in prior KERN funds. KEP IV has also made its premiere platform investment, backing Steelhead LNG, a Vancouver company focused on liquefied natural gas (LNG) projects that recently announced plans for building a $30 billion LNG export facility on Canada's West Coast.
17 July 2014•4 mins read
