Series B fundraising

KKR invests in Singapore energy-saving firm in first impact bet

SINGAPORE (Dec 13): KKR & Co. is buying a stake of as much as $45 million in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally.

It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption. The company plans to use the funds to grow its business in the region, invest in new technology and hire more staff, BBP Chief Executive Officer Poyan Rajamand said in an interview this week.

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