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Aerial shot of Sarita Bay, B.C., the proposed site of the Steelhead LNG plant.
Aerial shot of Sarita Bay, B.C., the proposed site of the Steelhead LNG plant.
(Handout/Steelhead LNG Corp.)

Kern Partners’ new fund backs LNG project

Kern Partners, the Calgary-based private equity firm, has started up a new, $750-million energy fund that is partly focused on moving a British Columbia liquefied natural gas project forward as a way to help open up Asian markets for Canadian gas producers.

The new Kern fund, its fourth and largest to date, is aimed primarily at investing in diversified energy exploration and development, employing the same investment philosophy as the previous ones. That involves five-to-nine year investments with companies led by established management groups. But energy infrastructure and technology are also part of the mix, executives said.