Partners Group to Sell LNG Shipping Platform CapeOmega to KKR, Ocean Yield

Partners Group will sell LNG carrier operator CapeOmega to KKR and Ocean Yield, marking a full pivot from offshore energy to low-carbon shipping. The fleet of fuel-efficient vessels is set to benefit from rising global LNG demand.

(P&GJ) — Partners Group has agreed to sell its majority stake in CapeOmega, a low-carbon maritime platform, to Ocean Yield AS and investment vehicles managed by KKR.

The Swiss private markets firm acquired CapeOmega in 2019 and pivoted the company from an offshore energy infrastructure owner into an operator of ten fuel-efficient liquefied natural gas (LNG) carriers. Seven vessels have been completed, with the remaining three due for delivery in the coming months. The ships, built in partnership with Knutsen, each have a capacity of 174,000 cubic meters.

During Partners Group’s ownership, CapeOmega also sold its natural gas pipeline and terminal assets to the Norwegian government, accelerating its transition toward LNG shipping. The company now operates with long-term contracts, high entry barriers due to vessel costs, and what the firm describes as “significant technical expertise.”

CEO Evy Glørstad said CapeOmega has evolved “into a leading global provider of state-of-the-art, fuel-efficient LNG transport,” crediting Partners Group, Knutsen, and the management team for the transformation.

Partners Group said the sale capitalizes on growing global LNG demand, projected to rise 40% in the next five years, driven by energy security concerns and economic growth in Asia-Pacific. “CapeOmega’s fleet of LNG vessels is well positioned to make a meaningful contribution to the energy transition,” said Esther Peiner, Partner and Head of Infrastructure at Partners Group.

The transaction is expected to close in the third quarter of 2025.