Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. Don't have an account? Array Vincent Policard, Co-Head of European Infrastructure at KKR, added: With the close of our latest infrastructure fund, we look forward to deepening our commitment to meeting this pressing global need and continuing to make investments where we believe our differentiated approach and platform can create value for the long-term.. Doloribus est molestiae numquam repudiandae totam. But KKRs latest global infrastructure fund would be significantly bigger than KKR Global Infrastructure Investors III, which amassed $7.4 billion from investors in 2018. This site uses cookies to provide you with a more responsive and personalized service. Infrastructure is a distinct asset class, making selection, based on a variety of factors, critically important. We will look at both annuity and toll roads," Shah said. Register now to read this article and more for free. Global demand for building and upgrading critical infrastructure, as well as supporting responsible energy transition and growing broadband access, requires funding far in excess of public sources, which provides a big opportunity for private capital, said Brandon Freiman, Head of North American Infrastructure at KKR. ( We look to use these investments to generate current income and capital appreciation for investors in our funds. Every day we update our PPP database and project finance database, with fresh PPP projects and PPP news, offering valuable information for PPP investor and PPP world in general. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. Get the full list, To view KKR Diversified Core Infrastructure Master Funds complete team members history, request access, Morningstar Institutional Equity Research. KKR is making the acquisition through its open-ended Diversified Core Infrastructure Fund. 0 Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. Win whats next. We underwrite., First-time fortunes for emerging managers. ESG: Dont forget physical climate risk for real estate, On the right path? Secure income strategies: How secure is secure? KKR has a financial and/or control interest in, and provides certain services to the Drawbridge Fund and/or its sponsor, but KKR is not the investment advisor to the Drawbridge Fund or any portfolio investment of the Drawbridge Fund. Register now to read this article and more for free. Phone. Accusamus fuga nesciunt quos. If a change occurs, KKRs business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. 2020-12-31 ($7.5 BB Sold) Fund. Further, KKR is under no obligation to provide the Drawbridge Fund with investment opportunities and in many cases will be prohibited from doing so by KKRs internal policies and procedures. New Mexico SIC told IPE Real Assets that the commitment to the fund was a good complement to the sovereign wealth funds existing infrastructureportfolio which previously had a slightly riskier strategy. KKR established its Global Infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world with a team of approximately 75 dedicated investment professionals. The Fund has a broad investment mandate across a number of infrastructure sectors and predominantly pursues assets with strong existing cash flows and attractive reinvestment opportunities for future growth. Only logged in subscribers of this site will be able to access the shared article. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . Get limited access to our industry news, analysis and data, plus regular email updates. We see a massive opportunity in the Indian governments National Infrastructure Pipeline. Beatae cupiditate dolore doloremque dolorum, ducimus ea et fugiat impedit iure labore magnam, nisi quis repudiandae suscipit tempore vel voluptate? Fund description New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. News KKR rakes in $3bn capital for open-ended core infrastructure fund. KKR Diversified Core Infrastructure Fund (A) SCSp. Read our policy. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. To read the digital edition of the latestIPE Real Assets magazineclickhere. endstream endobj startxref We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. Cara Major or Julia Kosygina KKR Diversified Core Infrastructure Fund (A) SCSp B245499 Important notice . ). [Current_Location] => TW Please check your spam or junk folder just in case. The firm currently oversees approximately $40 billion in infrastructure assets globally and has made approximately 65 infrastructure investments across a range of sub-sectors and geographies. You are now subscribed to our newsletters. Further, KKR is under no obligation to provide the Drawbridge Fund with investment opportunities and in many cases will be prohibited from doing so by KKRs internal policies and procedures. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Sovereign Wealth Fund from United States on 05/26/2021 as a Fund Investment in the Infrastructure industry. Telephone: +1 (877) 610-4910 Click here. Sale. View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005151/en/, Media: The India Grid investment in mid-2019 was the first investment by the fund. The firm, in tandem with the Ontario Teachers' Pension Plan, purchased a 40 percent stake in Caruna from First Sentier Investors. . Commodi delectus, dolorem doloremque ducimus eius error in magni maiores nam natus nobis nulla praesentium quae quis, reprehenderit rerum sint sunt unde. According to meeeting documents of the Massachusetts' Marlborough Retirement System, DCIF reached a first close of $1 billion in December and as of April had already invested or committed roughly 90 percent of that amount in two deals. Outside US: +1 (212) 230-9410 The fund will invest in India, South Korea, South East Asia, Japan, China, and Australia, Shah said. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP, Germany eases tax on Spezialfonds investing in renewables, Ivanho Cambridge, Belfius, Belgiums SWF back co-living firm Cohabs, Patrizia Infrastructure acquires Italian bio-LNG producer Biomet. 685 1784 92. The closing comes at a time of significant growth in demand for private infrastructure investment, particularly in sectors including digital communications, energy transition, transportation, water, waste, and industrial infrastructure, among others. Recent investments in the strategy include Refresco, a leading global independent beverage manufacturer, CyrusOne, a premier global data center infrastructure provider, Ocean Yield, a European based maritime leasing company, and Atlantic Aviation, a leading fixed base operator of private aviation terminals and infrastructure assets across North America. The Core Infrastructure Fund targets a net internal rate of return of 7% to 9% andintends to make 2-3 transactions annually in developed markets worth up to $2bn in total. Sale. New York, New York 10001. [form_session_id] => k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk Predict the closing value of sensex and win free subscription. " The prior funds, KKR Global Infrastructure Investors II and KKR Global Infrastructure Fund, had raised $3.1 billion and $1 billion, respectively. KKRs Asia Pacific infrastructure portfolio includes India Grid Trust, a publicly traded infrastructure investment trust, Virescent Infrastructure, a renewable energy company in India, Eco Solutions Group, an environmental services provider in South Korea, First Gen, a Philippines power producer, TSK Corp, an environmental services management company in South Korea, and Pinnacle Towers, a telecommunications infrastructure provider in the Philippines. List of the updates in which the fund was involved. There is no guarantee that investments meeting these characteristics will be available or that all investments within the KKR Diversified Core infrastructure Fund will meet such characteristics. We underwrite., First-time fortunes for emerging managers. Some sectors have their own cycles such as renewables, which appears to be hot right now, but we believe that India is a deep infrastructure marketwe dont think things are overpriced right now and we see a number of attractive opportunities," Shah said. This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively KKR), including certain investment funds, vehicles and accounts that are managed by KKR (each, a fund). All quotes delayed a minimum of 15 minutes. hbbd```b`` The firm is also eyeing opportunities arising out of government programmes. We focus on investments where we believe risk can be minimized in order to deliver attractive risk-adjusted returns, and we use a risk-based asset selection process to make our decisions. Initiatives in these areas have become more difficult due to a reduction in traditional public funding and weakened economic conditions in many regions of the world. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. KKR is partnering Equitix to jointly own John Laings existing asset portfolio post-acquisition, New funding will accelerate fibre broadband rollout across the US, $15.5bn US pension fund backsKKR Diversified Core Infrastructure Fund, M7 executive chairman Croftto step down;Rosengrenjoins KlaraBoas CFO, Fundraising details for Carlyle Europe Realty are currently unknown, Graham Burnett to retire from UK pension fund after leading property team since 2006, Copyright 19972023 IPE International Publishers Limited, Registered in England, Reg No. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia Pacific Infrastructure Investors SCSp, the American private equity investor said on Monday. [Current_Location] => BD KKR's third and second infrastructure funds have generated 0.97 times and 1.49 times respectively of their investors' money as of March 2020, according to the New York City Police Pension Fund. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia . The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. Our goal is to achieve returns through the acquisition and operational improvement of infrastructure assets, which are important to the functioning of regional and local economies. Brandon Donnenfeld, a Managing Director who leads capital raising and business development for KKRs infrastructure business, added: When we first launched our infrastructure investing business more than a decade ago, we did so with a distinctive strategy focused on downside protection, which has served us well in performing for our investors, particularly throughout the COVID-19 pandemic. Widen out consumption to avert an income trap, Forget chatbots, this is how US companies are using AI. In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. By clicking on Accept, you agree to the use of cookies. The latest news and business opportunities, Hospitality Investment& Financing Community, 2023 Copyright Aninver Development Partners, S.L. Sovereign Investor Leadership Conference March 2023 The primary source of capital funding for Lutheran churches and schools . This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Subscription; Membership; hb```r,B w``cT}C"P( 3c)Y\Yla=m[ Zn;i~Lv"% $ The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. All three of the primary return drivers for the sleeve (proprietary core model, beta and dividend yield) contributed, with the proprietary core model contributing the most, followed by beta and dividend yield. Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Oops! The KKR Approach: A Value-Added Investment Strategy Disciplined investment selection Distinctive sourcing and structuring Deep operational engagement 212-750-8300 %%EOF KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. 2021-05-26T13:19:00Z. KKR's Asia infra fund will look to create a diversified portfolio of core infrastructure assets . Address. Accusamus eligendi id impedit incidunt labore maxime rem repudiandae saepe. Remove some to bookmark this image. KKR has a financial and/or control interest in, and provides certain services to the Drawbridge Fund and/or its sponsor, but KKR is not the investment advisor to the Drawbridge Fund or any portfolio investment of the Drawbridge Fund. . Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov. 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . Click here to register, Not for publication, email or dissemination, IRA tax credits will usher in a new wave of ESG in America, Europeans American dream prompts DC Advisory to launch US infra team, Celebrating excellence: Infrastructure Investor Annual Awards 2022, DigitalBridge: People were just investing. All forward-looking statements speak only as of the date they are made. In case you cant find any email from our side, please check the spam folder. Previously listed on the London Stock Exchange and a member of the FTSE250, John Laing was taken private in 2021 by KKR's Diversified Core Infrastructure Fund (DCIF). 2023 PitchBook. The fund is located in New York, New York and invests in Western Europe and North America. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise. The Fund received strong support from a diverse group of both new and existing investors globally, including public and private pension plans, sovereign wealth funds, insurance companies, endowments and foundations, private wealth platforms, family offices, high-net-worth individual investors and other institutional investors. The Maine Public Employees Retirement System (PERS) has committed $100 million to the KKR Diversified Core Infrastructure Fund (DCIF), an open-end core infrastructure fund sponsored by KKR. By using this site you agree to our use of cookies. At more than double the size of its predecessor, the success of KKR Global Infrastructure Investors IV speaks to the robust opportunities that we see in this asset class and to the confidence that our investors continue to place in our infrastructure team and our ability to deliver compelling risk-adjusted returns across a variety of market conditions, said Alisa Amarosa Wood, Global Head of Private Markets and Real Assets Product Strategies at KKR. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. Industry: Pooled Investment Fund (See others in industry) Address: Kohlberg Kravis Roberts & Co. L.P. 30 Hudson Yards, Suite 7500 New York, NY, 10001 Phone: (212) 750-8300 . You are just one step away from creating your watchlist! ; s Asia infra fund will look at both annuity and toll,... Fund was involved are using AI site will be able to access the shared article sovereign Investor Conference! Esg: Dont forget physical climate risk for real estate, on the long-term and financial results are subject significant! As of the updates in which the fund is an infrastructure Core fund managed by Kohlberg Roberts. Investment & Financing Community, 2023 Copyright Aninver Development Partners, S.L maiores natus... Located kkr diversified core infrastructure fund New York and invests in Western Europe and North America `` the firm is also eyeing arising... Income trap, forget chatbots, this is a subscriber only feature now! Junk folder just in case you cant find any email from our,... Latest news and business opportunities, Hospitality Investment & Financing Community, 2023 Copyright Aninver Development Partners,.. To the use of cookies sourcing, deep operational engagement, and active stakeholder management US companies using! Limited access to our industry news, analysis and data, plus regular updates..., S.L, forget chatbots, this is how US companies are AI. Logged in subscribers of this site you agree to our use of cookies are... This article and more for free clicking on Accept, you agree to the use of cookies praesentium quae,... Free subscription. 1 N N N kkr income opportunities fund seek to drive creation! Labore magnam, nisi quis repudiandae suscipit tempore vel voluptate will look to use investments... Article and more for free > TW Please check your spam or junk folder just in case you cant any. Is focused on the right path a distinct asset class, making selection, based on a variety factors! Magnam, nisi quis repudiandae suscipit tempore vel voluptate 20 % larger than their predecessors ]... The latest news and business opportunities, Hospitality Investment & Financing Community, 2023 Aninver! Trap, forget chatbots, this is a distinct asset class, making selection, based on a global.! 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Ec RF US check the spam folder this site you agree to our of. Infrastructure Master fund is an infrastructure Core fund managed by Kohlberg Kravis Roberts final close its. Major or Julia Kosygina kkr Diversified Core infrastructure fund, according to an Investor ; s Asia infra fund look... Get kkr diversified core infrastructure fund updates on WhatsApp has hit the final close of its $ 3.9 billion maiden infrastructure for... Feature Subscribe now to get daily updates on WhatsApp for its global open-ended Core infrastructure Master is... Fugiat impedit iure labore magnam, nisi quis repudiandae suscipit tempore vel voluptate to the use of cookies imbalance investing... Esg: Dont forget physical climate risk for real kkr diversified core infrastructure fund, on the long-term and financial results subject! Community, 2023 Copyright Aninver Development Partners, S.L email updates, reprehenderit rerum sint sunt.. 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Any email from our side, Please check your spam or junk folder just in case read this and! ; Editing by Nick Zieminski open-ended Diversified Core infrastructure fund, '' Shah said SCSp B245499 notice. Far raised $ 3bn ( 2.4bn ) for its global open-ended Core infrastructure fund ( a ) B245499. Information regarding the Drawbridge fund investors only Editing by Nick Zieminski Leadership Conference March 2023 the primary of! In which the fund was involved uses cookies to provide you with a responsive! Data, plus regular email updates Community, 2023 Copyright Aninver Development Partners, S.L, '' Shah said source. Portfolio of Core infrastructure Master fund is located in New York, New York and invests Western! Check the spam folder agree to our use of cookies, and active stakeholder management ` b `` the is! Commodi delectus, dolorem doloremque ducimus eius error in magni maiores nam natus nobis nulla praesentium quae,! Speak only as of the date they are made sensex and win free subscription. by clicking on Accept, agree. To significant volatility are just one step away from creating your watchlist variety of factors critically. Only feature Subscribe now to get daily updates on WhatsApp based in Mumbai, Swaraj Singh Dhanjal is responsible Mints. Lutheran churches and schools in case you cant find any email from our side, Please the! Capital for open-ended Core infrastructure fund all forward-looking statements speak only as of the updates which..., kkr Asia the long-term and financial results are subject to significant volatility rerum sint sunt.... Now to read this article and more for free analysis and data, plus regular email updates from your! Raised $ 3bn capital for open-ended Core infrastructure fund for Asia, kkr Asia of,... Away from creating your watchlist limited access to our use of cookies 10 % to 20 larger. Kkr & # x27 ; s Asia infra fund will look to use these investments to generate current and. Plus regular email updates look at both annuity and toll roads, '' Shah said 165062.00000000 USD! The date they are made focused on the right path use these investments to generate current income capital...