This site uses cookies. hb```r,B w``cT}C"P( 3c)Y\Yla=m[ Zn;i~Lv"% $ Globally, infrastructure assets are in high demand and the case is similar in India. We believe this strategy leads to value-added returns for our investors. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Win whats next. Accusamus eligendi id impedit incidunt labore maxime rem repudiandae saepe. The above outlines the characteristics that KKR would expect to seek in deals when executing deals for the KKR Diversified Core Infrastructure Fund. 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. Read our policy. The fund has two seed investments financed by $650m from the investors in the fund and $1.7bn from co-investors. According to the McKinsey Global Institute, supporting projected levels of GDP growth will require $3.7 trillion of annual investment in global infrastructure between 2017 and 2035, which could increase by an additional $1 trillion annually to meet the United Nations sustainable development goals. ", Copyright 2022 HT Digital Streams Ltd All Right Reserved. 2020-12-31 ($7.5 BB Sold) Fund. Infrastructure is a distinct asset class, making selection, based on a variety of factors, critically important. Get limited access to our industry news, analysis and data, plus regular email updates. Please read our cookie notice for more information on the cookies we use and how to delete or block them. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. We seek to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses . Oops! As part of its dedicated Asia Pacific infrastructure strategy, launched in 2019, KKR has so far committed $1.8 billion across six investments. 2023 PitchBook. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 10/21/2022 as a Fund Investment in the Infrastructure industry. KKR offer effectively splits John Laing in two, II Debt 30: The largest infra credit GPs raise over $139bn, Best Practice in Infrastructure Asset Management, Managing Risk in Infrastructure Investments, IRA tax credits will usher in a new wave of ESG, Infrastructure Investor Global Summit 2023. KKR is making the acquisition through its open-ended Diversified Core Infrastructure Fund. 1. ESG: Dont forget physical climate risk for real estate, On the right path? We look to use these investments to generate current income and capital appreciation for investors in our funds. All Rights Reserved. Don't have an account? In case you cant find any email from our side, please check the spam folder. By using this site you agree to our use of cookies. You can check all the benefits of becoming a member and purchase a subscription on our membership page. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. In InfraPPP we gather all information related to infrastructure investment news, project finance news, PPP infrastructure projects, infra finance data and PPP investor news. 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. 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. We underwrite., First-time fortunes for emerging managers. 212-750-8300 This site uses cookies to provide you with a more responsive and personalized service. Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, https://www.businesswire.com/news/home/20220314005151/en/. All rights reserved. MainePERS has invested in other KKR infrastructure funds, however, a . Sovereign Investor Leadership Conference March 2023 You are now subscribed to our newsletters. 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. 2127508300. A first-of-its-kind connected and autonomous vehicle (CAV) corridor will improve transportation across Southeast Michigan and continue Michigan's leadership in smart infrastructure and future mobility. The New Mexico State Investment Council (SIC) revealed in a meeting document that it had approved a $100m commitment to KKR Diversified Core Infrastructure Fund, a fund hoping to raise up to $5bn in the coming years. There is a lot of depth in the roads sector and it is a sector that we like. If you are an existing subscriber please sign in to read this content in full. Date Filing Type Reported Sold Incremental Cash Type Exemptions India is a key market for this fund, though it doesnt have hard geographic allocations, he said. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . Lorem ipsum dolor sit amet, consectetur adipisicing elit. KKR Diversified Core Infrastructure Master Fund, Youre viewing 5 of 9 limited partners. Register now to read this article and more for free. Other Private Fund. Accusamus aliquid animi commodi cumque nam nemo! KKR, a leading global investment firm, today announced the final closing of KKR Global Infrastructure Investors IV (the Fund), a $17 billion fund focused on pursuing global infrastructure investment opportunities with an emphasis on investments in OECD countries in North America and Western Europe. By clicking on Accept, you agree to the use of cookies. 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. 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. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. You should only be asked to sign in once. 299 0 obj <>stream Don't have an account? KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 04/28/2022 as a Fund Investment in the Infrastructure industry. The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. KKR Diversified Core Infrastructure Fund (A) SCSp. Also Read | How plant meat is coming of age in India. Address. KKR began raising the fund, KKR Global Infrastructure Investors IV, late last year alongside its other flagship funds, including the North America private equity fund, which is aiming to attract more than $15 billion. We started raising the fund in mid 2019 and in our first attempt we have raised the largest corpus for such a strategy. The LP response has been phenomenal," said Hardik Shah, managing director and head of India infra, KKR India. KKR Diversified Core Infrastructure Fund (B) SCSp. 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . 266 0 obj <> endobj The fundraising comes as President Joe Biden has been pushing U.S. lawmakers to back a plan for trillions of dollars in new spending on projects to restore Americas crumbling infrastructure. KKR's Asia infra fund will look to create a diversified portfolio of core infrastructure assets . 0 It'll just take a moment. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently . KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. List of the updates in which the fund was involved. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 09/10/2021 as a Fund Investment in the Infrastructure industry. 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. ( No person should rely upon the past performance or reputation of KKR or its investment products when considering any security offered by the Drawbridge Fund or Drawbridge. The KKR Approach: A Value-Added Investment Strategy Disciplined investment selection Distinctive sourcing and structuring Deep operational engagement The firm, in tandem with the Ontario Teachers' Pension Plan, purchased a 40 percent stake in Caruna from First Sentier Investors. 2020-12-31 ($7.5 BB Sold) Fund. Sovereign Investor Leadership Conference March 2023 The expertise of our Public Affairs group, outside advisors and partnerships with policymakers, organized labor, environmental NGOs and other interested parties provide KKR with differentiated opportunities to enhance the long-term value of our infrastructure investments. We will look at both annuity and toll roads," Shah said. endstream endobj 267 0 obj <. ). We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. Roads and telecom infrastructure are of keen interest to us. Click here. Commodi delectus, dolorem doloremque ducimus eius error in magni maiores nam natus nobis nulla praesentium quae quis, reprehenderit rerum sint sunt unde. The scale of global infrastructure investment demand is enormous, and there is a growing need to replace and expand international infrastructure including all parts of the energy supply chain and a wide array of public services such as roads, railways, airports, and communications networks. Your session has expired, please login again. Address. New Mexico SIC approves $100m commitment to KKR Diversified Core Infrastructure Fund For the past eight years he has been writing on the biggest deals in private equity, venture capital, IPO market and corporate mergers and acquisitions. Widen out consumption to avert an income trap, Forget chatbots, this is how US companies are using AI. 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. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. Proactive outreach, strong reputation and relationships, focused local networks, and resources valued by management teams and entrepreneurs have the potential to yield investments not available to others. Our Standards: The Thomson Reuters Trust Principles. KKRs 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. Our strategy is to seek infrastructure investments with limited downside risk. 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). Since 1996, we have invested over USD 195 billion in private equity, private debt, private real estate, and private infrastructure on behalf of our clients globally. Not the case? We believe that a lot of capital for this will come from foreign investors," he said. Kohlberg Kravis Roberts Co LP. We will buy operating assets in sectors such as transportation, including roads, ports, and airports, renewables, oil and gas pipelines, electricity distribution and telecom infra, including data centres. Please check your spam or junk folder just in case. 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. Fund and $ kkr diversified core infrastructure fund from co-investors use of cookies and purchase a subscription our... Leadership Conference March 2023 you are now subscribed to our newsletters our use cookies! 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