Asset Management
What's New In Investments, Funds? – KKR, Infrastructure Fund
The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
KKR
KKR, aka Kohlberg
Kravis Roberts, has held the final close of its KKR Asia
Pacific Infrastructure Investors II SCSp fund, holding $6.4
billion of investments.
The US-listed firm said the fund is the largest pan-regional infrastructure fund to have been raised for the Asia-Pacific region. It follows its inaugural APAC-dedicated infrastructure fund, KKR Asia Pacific Infrastructure Investors SCSp, which closed at $3.9 billion in 2021.
“Infrastructure is a key pillar of KKR’s global and regional strategy,” David Luboff, co-head of KKR Asia-Pacific and head of Asia Pacific Infrastructure at KKR, said.
The comments come a few days after BlackRock tapped into the world’s $1.0 trillion infrastructure sector in January, buying all of Global Infrastructure Partners (GIP) for $3 billion of cash and about 12 million of common BlackRock stock. (This news service has looked at the wider implications of such infrastructure deals.)
The KKR fund won backing from new and existing investors across the world, including public and corporate pensions, sovereign wealth funds, insurance companies, endowment funds, and asset managers, the firm added.
