2020-12-31 ($7.5 BB Sold) Fund. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. 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 will be investing $1 billion of capital in the Fund alongside these investors through the Firms balance sheet, affiliates, and employee commitments. KKR is making the acquisition through its open-ended Diversified Core Infrastructure Fund. The LP response has been phenomenal," said Hardik Shah, managing director and head of India infra, KKR India. Click here. 2021-05-26T13:19:00Z. Click here to register, Not for publication, email or dissemination, IRA tax credits will usher in a new wave of ESG in America, Europeans American dream prompts DC Advisory to launch US infra team,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. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. KKR secures first Europe deal for new open-ended, core fund, 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. Filings. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. We believe that a lot of capital for this will come from foreign investors," he said. 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. You can check all the benefits of becoming a member and purchase a subscription on our membership page. And performance in our flagship fund has been even stronger, up 28% for the quarter and up almost 80% over the last 12 months. [form_session_id] => P5d6pu-eUPn9-JKRQw4Bufsm1nNgRWHBUA519qOlzIE 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. Your session has expired, please login again. So, the competition has definitely increased. Lorem ipsum dolor sit amet, consectetur adipisicing elit. 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. By clicking OK below, I acknowledge that I have read and understood the following important information: Access to the KKR Investor Portal is provided to investors in Drawbridge Realty Partners, L.P. (the Drawbridge Fund) by Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, KKR) solely in KKRs capacity as an administrator to the Drawbridge Fund and at the direction of Drawbridge Realty (Drawbridge). Accusamus eligendi id impedit incidunt labore maxime rem repudiandae saepe. 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. You are now subscribed to our newsletters. Roads and telecom infrastructure are of keen interest to us. Address. Drawbridge is an independently managed real estate investment vehicle. 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. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Register now to read this article and more for free. Sovereign Investor Leadership Conference March 2023. KKR Diversified Core Infrastructure Fund (A) SCSp. Log in to our website to save your bookmarks. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. All quotes delayed a minimum of 15 minutes. A verification email is on its way to you. Phone. Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, 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 fund has two seed investments financed by $650m from the investors in the fund and $1.7bn from co-investors. %PDF-1.6 % Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. 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. Don't have an account? 288 0 obj <>/Filter/FlateDecode/ID[<5BB66AE52C85B44A8570C1BA474854E1><5687444EFDF18C4793132814656659ED>]/Index[266 34]/Info 265 0 R/Length 111/Prev 195547/Root 267 0 R/Size 300/Type/XRef/W[1 3 1]>>stream This site uses cookies. 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. Telephone: +1 (877) 610-4910 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. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. Register now to read this article and more for free. News KKR rakes in $3bn capital for open-ended core infrastructure fund. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. endstream endobj 267 0 obj <. 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. ). ( 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. 299 0 obj <>stream Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise. . An engineer and an MBA, he started his journalism career in 2014 with Mint. The prior funds, KKR Global Infrastructure Investors II and KKR Global Infrastructure Fund, had raised $3.1 billion and $1 billion, respectively. Outside US: +1 (212) 230-9410 Kohlberg Kravis Roberts Co LP. Before viewing this presentation, please acknowledge your understanding that it has been prepared for KKR & Co. Inc. (NYSE:KKR) for the benefit of its public stockholders and is not intended to be a solicitation or sale of any of the securities, funds or services that it may discuss. By using this site you agree to our use of cookies. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. KKR Diversified Core Infrastructure Fund (DCIF) focuses on investments in established brownfield assets diversified by sector and geography with high EBITDA margins and contracted or regulated cash fl Lorem ipsum dolor sit amet, consectetur adipisicing elit. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. ", Copyright 2022 HT Digital Streams Ltd All Right Reserved. We are thrilled to have their continued support and look forward to continuing to perform for our investors through this strategy.. 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. The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. Services. 212-750-8300 Our Standards: The Thomson Reuters Trust Principles. Kohlberg Kravis Roberts Co LP. . 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. KKRs Infrastructure funds are managed by Raj Agrawal. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. KKR Diversified Core Infrastructure Fund (B) SCSp B245498 Important notice . Get limited access to our industry news, analysis and data, plus regular email updates. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Multibagger stock rallies over 116% in 10 mont Who provoked King Charles to throw Harry-Megha RCap resolution: NCLAT okays another bidding r Will bring finality in time bound manner: Gaut Gold rate today trades tepid as US dollar cont EPF higher pension: How to apply on the EPFO p Supreme Court asks president to appoint CEC, E Why sub-zero interest rates are neither unfair Why RVNL shares are up 11% today after rallyin KKRs Asia infra fund will look to create a diversified portfolio of core infrastructure assets. 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. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . (Reuters) - Buyout firm KKR & Co Inc is seeking to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects, according to people familiar with the matter. Only logged in subscribers of this site will be able to access the shared article. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. Looks like you have exceeded the limit to bookmark the image. We look to use these investments to generate current income and capital appreciation for investors in our funds. List of the updates in which the fund was involved. 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). By clicking on Accept, you agree to the use of cookies. Get limited access to our industry news, analysis and data, plus regular email updates. KKR has secured the first European asset for its new open-ended core infrastructure fund with the acquisition of a 40 percent stake in Caruna, Finland's largest electricity distribution company. India is a key market for this fund, though it doesnt have hard geographic allocations, he said. 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. All Rights Reserved. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United Kingdom on 04/02/2020 as a Fund Investment in the Infrastructure industry. Facsimile: +1 (212) 750-0003 Sovereign Investor Leadership Conference March 2023 ( 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. [form_session_id] => k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk Not the case? We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. KKR Diversified Core Infrastructure Fund (B) SCSp. Oops! Date Filing Type Reported Sold Incremental Cash Type Exemptions These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 07/14/2021 as a Fund Investment in the Infrastructure industry. Address. Copyright HT Digital Streams Limited All rights reserved. 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. Our long history of value creation, coupled with our substantial investment in people, processes and resources to drive operational improvement, positions us to create value in infrastructure assets. Predict the closing value of sensex and win free subscription. " 2127508300. The India Grid investment in mid-2019 was the first investment by the fund. A link has been emailed to you - check your inbox. Only logged in subscribers of this site will be able to access the shared article. Date Filing Type Reported Sold Incremental Cash Type Exemptions Link to Raw Filing; The Fund's active industry exposures (which are a byproduct of stock selection) detracted as well as active individual stock exposures. New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. Subscription; Membership; We will buy operating assets in sectors such as transportation, including roads, ports, and airports, renewables, oil and gas pipelines, electricity distribution and telecom infra, including data centres. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. Global demand for building and upgrading critical infrastructure, as well as supporting responsible energy transition and growing broadband access, requires funding far in excess of public sources, which provides a big opportunity for private capital, said Brandon Freiman, Head of North American Infrastructure at KKR. KKR & Co LP Q1 2021 Earnings Call May 4 . 0 Cara Major or Julia Kosygina ESG: Dont forget physical climate risk for real estate, On the right path? Other Private Fund. "h,&HTL2H0&E 4R H$m`3&F  FP Interview: Stefan Mchler, Swiss Life Asset Managers, Top 150 Real Estate Investment Managers 2022, Top 100 Infrastructure Investors 2022: Survey, KKR to buy infrastructure firm John Laing for 2bn, US fibre firm MetroNet receives fresh capital from Oak Hill, KKR, Ohio Police & Fire puts $125m into KKR infrastructure fund, People moves: Lezama joins CBRE IMs private infrastructure team, Indiana PRS supports new Carlyle Europe fund with $75m commitment, USS to replace head of $5bn real estate portfolio. You agree to our website to save your bookmarks the LEI number in the international GLEIF database York ; by. Form_Session_Id ] = > k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk Not the case and more for free can check the. Trust Principles has been emailed to you - check your inbox the international GLEIF database reporting by Chibuike in... 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