HONG KONG, July 25 Hong Kong-based Kerogen
Capital, a private equity fund led by two former J.P.Morgan
bankers, has closed a more than $1 billion energy fund,
according to a statement from Forbes Private Capital Group,
which managed and advised on the fund.
Kerogen Energy Fund, L.P. will provide growth and
development capital to junior upstream oil and gas companies,
the statement said.
The fund will invest mainly in geographies that will feed
demand from Asia, particularly China, which is expected to
account for over 50 percent of the net increase in world oil
demand over the next 25 years, according to the International
Kerogen Capital is led by Ivor Orchard, ex Head of Energy &
Natural Resources Group in Asia Pacific at J.P.Morgan, and Jason
Forbes Private Capital is a placement and advisory firm.