Private equity investment in oil, gas and coal has already surpassed the total amount invested during all of 2025, helped by a nearly $10 billion acquisition by KKR & Co. (NYSE:KKR) and Energy Capital Partners as investors return to traditional energy assets.
Global private equity and venture capital firms invested $14.7 billion in the oil, gas and coal sectors through the end of July, according to S&P Global Market Intelligence. That compares with $8.24 billion for the full year in 2025.
