CNOOC anchors PE fund targeting Asian energy assets
China National Offshore Oil Corp. (CNOOC) has formed a strategic partnership with Kerogen Capital, which is raising a $1.5 billion private equity fund that will target energy investments in Asia.
CNOOC and Kuwait Investment Authority (KIA) are cornerstone investors in the fund, with the Chinese firm having committed more than half of the $875 million raised so far, Dow Jones LBO Wire reported,...
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