KKR to launch its two first ESG credit funds

• Funds will invest in credit of oil and gas companies committed to reducing carbon emissions to zero by 2050 with credible decarbonization strategies

Private equity firm KKR & Co Inc (NYSE: KKR) is planning to launch its first two ESG credit funds later this year, Reuters reported on Thursday, citing an internal memo seen by the news outlet.

The funds dedicated to investing based on environmental, social and corporate governance (ESG) principles, offered to institutional investors and high-net-worth individuals, will be managed by KKR’s sustainable credit team led by Terry Ing and William Needham, Reuters reported.

The targeted size of the two funds is unknown.