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NewAge is a privately funded oil and gas company, backed by substantial and reputable shareholders with significant experience in oil and gas upstream investments. Shareholders include Kerogen Capital, HOPU Investments, a multinational oil trading company and a large US hedge fund, as well as various family offices.

A well known private equity fund in China

HOPU Investments is a leading China-based private equity and advisory firm with over USD 4 billion assets under management with offices in Beijing, Hong Kong, and Singapore. Investment focus includes energy where HOPU invests across the value chain including upstream assets, midstream infrastructure and LNG trading.

A leading international oil and gas private equity fund

Kerogen Capital (Asia) Limited is an independent private equity fund adviser based in Hong Kong. It advises the Kerogen Energy Fund, L.P., which specializes in providing growth and development capital to small and medium-sized companies in the energy and energy-related sectors.