KKR Raises $17 Billion for Global Infrastructure Fund

Published on: 16 March 2022 07:00 PM
by KnowESG

A Brief Summary

KKR & Co has raised $17 billion for global infrastructure investments, making it the firm's largest fund dedicated to the industry. According to the private equity company, the KKR Global Infrastructure Investors IV vehicle has a final closure with institutional investors such as sovereign wealth funds, insurance companies, endowments, and family offices.

Pension funds such as the New York State Common Retirement Fund, the Teachers' Retirement System of the City of New York, and the Minnesota State Board of Investment are among the investors.

Brandon Freiman, head of North American infrastructure at New York-based KKR, said: " Global demand for building and upgrading critical infrastructure, as well as supporting responsible energy transition and growing broadband access, requires funding for over public sources, which provides a big opportunity for private capital."

Within the Organization for Economic Development and Cooperation, the next infrastructure vehicle, which is $10 billion more than its immediate predecessor, will invest in North American and Western European countries.

Refresco Group BV, marine leasing business Ocean Yield, the data centre operator CyrusOne Inc., energy-focused Sempra Infrastructure Partners, and Atlantic Aviation, a provider of hangar space and other aviation services, are companies lately backed by KKR.

Alisa Amarosa Wood, global head of private markets and real assets product strategies, KKR, said: The latest fundraising “speaks to the robust opportunities that we see in this asset class.”